samanthamr4047 samanthamr4047

06-08-2020
Business

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A company had total sales of $840,000, net sales of $821,400, and an average accounts receivable of $111,000. Its accounts receivable turnover equals:

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MollieToliver MollieToliver

07-08-2020

Answer:

7.4

Explanation:

accounts receivable turnover is ratio of total net sales and average account receivable.

accounts receivable turnover = total net sales/ average account receivable

Given

net sales = $821,400,

average accounts receivable = $111,000

accounts receivable turnover =$821,400/111,000 = 7.4 Answer

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