A company had net sales of $600,000,total sales of $750,000,and an average accounts receivable of $75,000.Its accounts receivable turnover equals:

Name: A company had net sales of $600,000,total sales of $750,000,and an average accounts receivable of $75,000.Its accounts receivable turnover equals:
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Question

Quizplus · Accepted Answer

Accounts receivable turnover = net sales / average accounts receivable

Accounts receivable turnover = $600,000 / $75,000

Accounts receivable turnover = 8

Therefore, the answer is D) 8.00.

A Company Had Net Sales of $600,000,total Sales of $750,000,and