Flax had net sales of $7,875 and its average accounts receivables is $1,250. Calculate Flax's accounts receivable turnover:
What will be an ideal response?
Accounts Receivable Turnover = Net Sales/Average Accounts Receivables
Accounts Receivable Turnover = $7,875/$1,250 = 6.3 times
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What will be an ideal response?
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Fill in the blank(s) with the appropriate word(s).