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QUESTION
Net sales were $467,500, and the accounts receivable turnover was 8.5 times. What are the accounts receivable?
Net sales were $467,500, and the accounts receivable turnover was 8.5 times. What are the accounts receivable? Assume all sales are on account.
Select one:
a. $55,000
b. $467,500
c. $3,973,750
d. Not determinable from the information provided
e. None of the above
