Hickory Hills Pro Shop had a balance in the Accounts Receivable account of $800,000 at the beginning of the year and a balance of $900,000 at the end of the year.Net credit sales during the year amounted to $8,040,000.The accounts receivable turnover was

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The accounts receivable turnover is calculated as Net Credit Sales divided by Average Accounts Receivable. The average accounts receivable is ($800,000 + $900,000) / 2 = $850,000. Therefore, the turnover is $8,040,000 / $850,000 = 9.5 times.

Hickory Hills Pro Shop Had a Balance in the Accounts