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Based on the following data for the current year, what is the accounts receivable turnover? Net sales on account during year $519,494 Cost of merchandise
Based on the following data for the current year, what is the accounts receivable turnover?
Net sales on account during year | $519,494 |
Cost of merchandise sold during year | 204,561 |
Accounts receivable, beginning of year | 48,144 |
Accounts receivable, end of year | 50,807 |
Inventory, beginning of year | 96,875 |
Inventory, end of year | 105,225 |
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