Sales for August for Team Shirts were $25,000.The average net accounts receivable was $1,500.The accounts receivable turnover for August was ________.

Name: Sales for August for Team Shirts were $25,000.The average net accounts receivable was $1,500.The accounts receivable turnover for August was ________.
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Question

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Accounts receivable turnover = Sales / Average net accounts receivable
Accounts receivable turnover = $25,000 / $1,500
Accounts receivable turnover = 16.67 times

Sales for August for Team Shirts Were $25,000