Huckabee's 2016 receivables turnover (rounded)is:

Question

Quizplus · Accepted Answer

The formula for receivables turnover is net credit sales/average net accounts receivable. 
We don't have net credit sales, but we have total revenue. We can assume all revenue is credit sales. Therefore, we have:
Receivables turnover = Total Revenue / Average net accounts receivable.

For Huckabee in 2016:
Receivables turnover = $10,687,000 / [(($702,000 + $500,000) / 2)] = 5.26 (rounded to two decimal places)

Huckabee's 2016 Receivables Turnover (Rounded)is