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koban [17]
3 years ago
9

A company had total sales of $980,000, net sales of $955,800 and an average accounts receivable of $82,500. Its accounts receiva

ble turnover equals:_____.
Business
1 answer:
Alenkinab [10]3 years ago
5 0

Answer:

Accounts receivable turnover = 11.58

Explanation:

The total sales of the company = $980000

Net sales of the company = $955800

Average account receivable =  $82500

We have total sales, net sales, and average accounts receivable. Here, we are required to find the account turnover.

Use the below formula to find the account turnover:

Accounts receivable turnover = Net sales  / average accounts receivable

Now insert the values:

Accounts receivable turnover = 955800 / 82500 = 11.58

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