Sonie had average accounts receivable of $87 million and net sales of $864 million.Its accounts receivable turnover was
A)10.3
B)9.9
C)36.1
D)9.1
E)12.8

Name: Sonie had average accounts receivable of $87 million and net sales of $864 million.Its accounts receivable turnover was A)10.3 B)9.9 C)36.1 D)9.1 E)12.8
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The accounts receivable turnover is calculated by dividing net sales by average accounts receivable. So, $864 million / $87 million = 9.9.

Sonie Had Average Accounts Receivable of $87 Million and Net