Problem: During 2014, XYZ Inc. sold merchandise worth $320,000. It has $60,000 of beginning accounts receivables and $70,000 of ending accounts receivables. What is company’s receivable turnover (rounded)? A. 73.00 B. 4.92 C. 11.25 D. 4.09

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During 2014, XYZ Inc. sold merchandise worth $320,000. It has $60,000 of beginning accounts receivables and $70,000 of ending accounts receivables. What is company’s receivable turnover (rounded)?

A. 73.00

B. 4.92

C. 11.25

D. 4.09

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Based on our data, we think this problem is relevant for Professor Moll's class at FIU.