Calculate the accounts receivable turnover ratio for 2019. (Round your answer to two decimal places.)
National, Inc. provides the following data:
For the year ending December 31, 2019:
A) 5.60 times
B) 4.11 times
C) 3.50 times
D) 2.86 times
C) 3.50 times
Accounts receivable turnover ratio = Net credit sales / Average net accounts receivable =
$280,000 / $80,000 = 3.50 times
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