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SheffieldCompany had net credit sales of $5,005,000 and cost of goods sold of $3,500,000 for...

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Accounting

SheffieldCompany had net credit sales of $5,005,000 and cost of goods sold of $3,500,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $630,000 and $910,000, respectively. The accounts receivable turnover was

  • A. 7.9 times.

  • B. 6.5 times.

  • C. 3.3 times.

  • D. 5.5 times.

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