Given the following information regarding accounts receivable Accounts receivable, December 31 $ 5,000 Total current...
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Accounting
Given the following information regarding accounts receivable
Accounts receivable, December 31 $ 5,000
Total current assets, January 1 20,000
Sales (40% cash sales) 50,000
Total current assets, December 31 26,000
Accounts receivable, January 1 3,000
What is the accounts receivable turnover?
a. 7.5 times
b. 5.75 times
c. 6 times
d. 12.5 times
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