Based on the following data, what is the accounts receivable turnover?
Sales on account during year
$600,000
Cost of merchandise sold during year
290,000
Accounts receivable, beginning of year
40,000
Accounts receivable, end of year
30,000
Inventory, beginning of year
95,000
Inventory, end of year
120,000
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
(Save $1 )
One time Pay
(Save $5 )
Billed Monthly
*First month only
You can see the logs in the Dashboard.
