The average accounts receivable balance is closest to $120,000.
<h3>What is the average accounts receivable balance?</h3>
The average accounts receivable balance is the addition of beginning and ending accounts receivable divided by two.
For instance, if the average accounts receivable balance is $120,000, then the total accounts receivable is $240,000 ($120,000 x 2).
<h3>Data and Calculations:</h3>
Assets turnover = 1.8
= (Net sales/Average Total Assets)
Average total assets = $600,000
Accounts receivable turnover = 9.00
= (Net Sales/Average Accounts Receivable)
Net sales = $1,080,000 ($600,000 x 1.8)
Average Accounts Receivable = $120,000 ($1,080,000/9)
Thus, the average accounts receivable balance is closest to $120,000.
Learn more about average accounts receivable at brainly.com/question/23821865
