Calculate the company's accounts receivable turnover ratio for the current year?
A)10.62
B)4.0
C)4.3
D)6.31

Name: Calculate the company's accounts receivable turnover ratio for the current year? A)10.62 B)4.0 C)4.3 D)6.31
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

The accounts receivable turnover ratio is calculated by dividing net credit sales by average accounts receivable. Net credit sales are $44,000 and average accounts receivable are $4,146. Therefore, the accounts receivable turnover ratio is $44,000 / $4,146 = 10.62.

Calculate the Company's Accounts Receivable Turnover Ratio for the Current