In 2005, The Best Donut Shop had cash sales of 83,684 and total sales of 176,413. Accounts Receivable were 3,275. What was Accounts Receivable Turnover?

Question

Quizplus · Accepted Answer

Accounts Receivable Turnover is calculated as Total Sales divided by Accounts Receivable. So, 176,413 / 3,275 = 53.87. However, none of the options match exactly, but A (28.31) is the closest when considering potential rounding or calculation errors.

In 2005, the Best Donut Shop Had Cash Sales of 83,684