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  3. 24. used furniture co. had net credit sales of $7,

24. Used Furniture Co. had net credit sales of $7,500,000 and cost of goods sold...

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24. Used Furniture Co. had net credit sales of $7,500,000 and cost of goods sold of $4,500,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $800,000 and $900,009, 598pecively. The receivables turnover was a. 6.5 times b. 8.3 times 50000 8.8 times. 9.4 times

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