A company had total sales of $600,000,net sales of $550,000,and an average accounts receivable of $90,000.Its accounts receivable turnover equals:
A)6.1
B)63.0
C)54.8
D)1.1
E)6.3

Name: A company had total sales of $600,000,net sales of $550,000,and an average accounts receivable of $90,000.Its accounts receivable turnover equals: A)6.1 B)63.0 C)54.8 D)1.1 E)6.3
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Accounts receivable turnover = Net sales / Average accounts receivable= $550,000 / $90,000= 6.1

A Company Had Total Sales of $600,000,net Sales of $550,000,and