Frantic company had 130000 in sales on account last year., Ask an Expert

Accounting

Frantic Company had $130,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $16,000. The company's accounts receivable turnover was closest to:

a. 5.00 times.

b. 13.00 times.

c. 10.00 times.

d. 8.13 times.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M996389

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