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Question(s) / Instruction(s):

A company has an accounts receivable turnover ratio of 11 and net sales of $743,000 for a given period. What is average accounts receivable for this period (rounded)?

A.            $185

B.            Average accounts receivable cannot be determined from this information.

C.            $8,173,000

D.            $69,295

E.            $67,545

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