TechCom has net sales of $435,000 and average accounts receivable of $87,000. What is the accounts receivable turnover for the period?
A) 5
B) 73
C) 65
D) 95
E) 105

Name: TechCom has net sales of $435,000 and average accounts receivable of $87,000. What is the accounts receivable turnover for the period? A) 5 B) 73 C) 65 D) 95 E) 105
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Question

Quizplus · Accepted Answer

The accounts receivable turnover is calculated by dividing net sales by average accounts receivable, which is $435,000 / $87,000 = 5.

TechCom Has Net Sales of $435,000 and Average Accounts Receivable