South Sea's sales were $60,000 for 2011 and $45,000 for 2012.Average net receivables were $4,000 for both 2011 and 2012.The receivables turnover for 2011 was ________.

Name: South Sea's sales were $60,000 for 2011 and $45,000 for 2012.Average net receivables were $4,000 for both 2011 and 2012.The receivables turnover for 2011 was ________.
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The receivables turnover ratio is calculated by dividing total sales by average net receivables. For 2011, it is $60,000 / $4,000 = 15 times.

South Sea's Sales Were $60,000 for 2011 and $45,000 for 2012.Average