Valdez Company reported sales of $345,000; beginning net Accounts Receivable of $87,000 and ending net Accounts Receivable of $108,000. Valdez Company's Accounts Receivable turnover is:

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The Accounts Receivable turnover is calculated by dividing the total sales by the average Accounts Receivable. Average Accounts Receivable is the sum of beginning and ending net Accounts Receivable divided by 2, which is ($87,000 + $108,000) / 2 = $97,500. Therefore, the turnover is $345,000 / $97,500 = 3.54.

Valdez Company Reported Sales of $345,000; Beginning Net Accounts Receivable