If net sales is $550,000, beginning inventory is $110,000, and ending inventory is $125,000, how much would be the accounts receivables turnover?
A) 4.4
B) 5.0
C) 4.7
D) 4.0

Question

Quizplus · Accepted Answer

The accounts receivable turnover is calculated as net sales divided by the average accounts receivable. However, the information provided (net sales, beginning inventory, and ending inventory) does not directly relate to calculating accounts receivable turnover, as it lacks the accounts receivable figures. The question seems to be incorrectly framed or missing the necessary information for calculating accounts receivable turnover. The provided data relates more to inventory turnover calculation. Therefore, without the beginning and ending accounts receivable figures, the correct calculation cannot be determined from the given options. The choice provided as correct (C) is based on a misunderstanding of the financial metrics involved.

If Net Sales Is $550,000, Beginning Inventory Is $110,000, and Ending