Martin Sales provides the following information
Net credit sales: $800,000
Beginning net accounts receivable: $40,000
Ending net accounts receivable: $22,000
Calculate the accounts receivable turnover ratio. (Round your answer to the nearest whole number.)
A) 20 times
B) 26 times
C) 36 times
D) 35 times
B .Accounts receivable turnover ratio = [$800,000 / (($40,000 + $22,000 ) / 2 ))] = 26
times
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