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

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

Quizplus · Accepted Answer

The accounts receivable turnover is calculated by dividing net sales by average accounts receivable. So, $135,000 / $67,000 = 2.

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