Espat Corp.reported net sales all on credit) of $1,600,000 and cost of goods sold of $1,100,000 for 2015.Its beginning balance of Accounts Receivable was $150,000.The accounts receivable balance decreased by $10,000 during 2015.Rounded to two decimal places, what is Espat's accounts receivable turnover rate for 2015?

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The Answer of Espat Corp.reported net sales all on credit) of $1,600,000 and cost of goods sold of $1,100,000 for 2015.Its beginning balance of Accounts Receivable was $150,000.The accounts receivable balance decreased by $10,000 during 2015.Rounded to two decimal places, what is Espat's accounts receivable turnover rate for 2015?