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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 $578,184 Cost of goods
Based on the following data for the current year, what is the accounts receivable turnover?
Net sales on account during year | $578,184 |
Cost of goods sold during year | 184,042 |
Accounts receivable, beginning of year | 42,431 |
Accounts receivable, end of year | 49,324 |
Inventory, beginning of year | 97,246 |
Inventory, end of year | 106,804 |
Round your answer to one decimal place.
Select the correct answer.
A 3.1
B 13.6
C 12.6
D 5.4
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