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mash [69]
2 years ago
14

Assuming a 365 day year , Gurel Industries calculated an average of 53 days to collect its accounts receivable in 2007 During 20

07. accounts receivable tumover
English
1 answer:
Eduardwww [97]2 years ago
3 0

Answer: Was approximately 6.89

Explanation:

Based on the information that's provided in the question, the accounts receivable turnover rate will be calculated thus:

Receivable Turnover Rate will be:

= 365/ Number of Days

= 365/53

= 6.8867

= 6.89 approximately

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