Dogz reports total revenue of $47,561,cost of goods sold of $32,856 and net receivables of $19,595.Their property,plant and equipment is $19,813 and they have $16,240 of inventory.What is their accounts receivable turnover?

Question

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The accounts receivable turnover is calculated as total revenue divided by average accounts receivable. Given total revenue of $47,561 and net receivables of $19,595, the turnover is $47,561 / $19,595 = 2.42.

Dogz Reports Total Revenue of $47,561,cost of Goods Sold of $32,856