Quickcom has net sales of $135,000 and average accounts receivable of $67,000.What is the accounts receivable turnover for the period?
A)20
B)73
C)1,825
D)2
E)25

Question

Quizplus · Accepted Answer

Accounts receivable turnover is calculated as net sales divided by average accounts receivable. Therefore, the accounts receivable turnover for the period is 2 ($135,000 / $67,000).

Quickcom Has Net Sales of $135,000 and Average Accounts Receivable