The accounts receivable turnover, based on the financial statements for Darlington Company is <u>16.7x</u>.
<h3>What is accounts receivable turnover?</h3>
The accounts receivable turnover is the ratio of average accounts receivable for a period and the net credit sales.
The ratio shows the efficiency of collecting cash from credit customers.
<h3>Data and Calculations:</h3>
Net sales = $500,000
Accounts receivable:
Ending balance = $40,000
Beginning balance = $20,000
Average Accounts Receivable = $30,000 ($40,000 + $20,000)/2
Accounts receivable turnover = Net Sales/Average Accounts Receivable
= 16.7 ($500,000/$30,000)
Thus, the accounts receivable turnover for Darlington Company is <u>16.7x</u>.
Learn more about accounts receivable turnover at brainly.com/question/4661989