Nickel Store had net credit sales of $15,000,000 and cost of goods sold of $5,000,000...
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Accounting
Nickel Store had net credit sales of $15,000,000 and cost of goods sold of $5,000,000 for the year. The Accounts were $875,000 and $375,000 respectively. The accounts receivable turnover ratio was: Receivable balances at the beginning and end of the year O a. 11 times. Ob. 10 times. O c. 24 times d, 15 times
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