ABC Corporation's 2008 net sales and average net trade accounts receivable were $4,300,000 and $975,000, respectively. Required:

Question:

ABC Corporation's 2008 net sales and average net trade were $4,300,000 and $975,000, respectively.

Required:
Calculate ABC's turnover.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...