Worth 20 points

1 answer:

8 0

The answer is B
hope this helps :)

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the answer is 4

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Rudiy27

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Lapatulllka [165]

Answer:

The turnover ratio is 10.7

Explanation:

Turnover ratio may be defined as the ration of net credit sales with the average accounts receivable.

The formula used to calculate the turnover ratio is :

$\text{Turn over ratio}= \frac{\text{net credit sales}}{\text{average account receivables}}$

Net credit sales (2019)= $1,022,000

Average account receivables = $\frac{(88,000-4000)+(111,000-5,500)}{2}$

=94750.

$\text{Turn over ratio}=[tex]\frac{1,022,000}{94750}$

= 10.7

Hence, The turn over ratio is 10.7.

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3 years ago