Question

Leary Corporation had net credit sales during the year of $900,000 and cost of goods sold of $540,000. The balance in receivables at the beginning of the year was $120,000 and at the end of the year was $180,000. What was the accounts receivable turnover?

A. 6.0
B. 7.5
C. 5.0
D. 3.6

Answer 1

B because 2+2 is 4 so you have to be smart and think out side the box