Martin Sales provides the following information: Net credit sales: $800,000
Beginning net accounts receivable: $40,000
Ending net accounts receivable: $22,000
Calculate the accounts receivable turnover ratio.(Round your answer to the nearest whole number. )

Question

Quizplus · Accepted Answer

Accounts receivable turnover ratio = [$800,000 / (($40,000 + $22,000)/ 2))] = 26
times

Martin Sales Provides the Following Information: Net Credit Sales: $800,000