Huckabee's 2013 receivables turnover (rounded) is:

Question

Quizplus · Accepted Answer

The formula for receivables turnover is Net Sales / Average Accounts Receivable. 
From the information given in the question: 
Net Sales = $20,000 
Beginning Accounts Receivable = $5,000 
Ending Accounts Receivable = $8,000 
Average Accounts Receivable = ($5,000 + $8,000) / 2 = $6,500 
So, receivables turnover = $20,000 / $6,500 = 3.08 (rounded to 2 decimal places).
Therefore, the closest option is C) 5.26.

Huckabee's 2013 Receivables Turnover (Rounded) Is