Alexandrusky4475 Alexandrusky4475

09-07-2021
Business

contestada

A company had net sales of $600,000, total sales of $750,000, and an average accounts receivable of $75,000. Its accounts receivable turnover equals:

Respuesta :

Parrain Parrain

13-07-2021

Answer: 8 times

Explanation:

The Accounts receivable turnover measures how efficiently a company collects the debt that is owed to it. It is calculated by the formula:

Accounts receivable turnover = Net Credit sales / Average accounts receivable

= 600,000 / 75,000

= 8 times

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