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Magneto Company had net credit sales during the year of $1,350,000 and cost of goods...

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Accounting

Magneto Company had net credit sales during the year of $1,350,000 and cost of goods sold of $810,000. The balance in accounts receivable at the beginning of the year was $180,000, and the end of the year it was $120,000. What was the accounts receivable turnover?

a. 5.6, b. 9.0, c. 7.5, d. 11.3

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