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Based on the following data, what is the accounts receivable turnover? Sales on account during year $432,045 Cost of goods sold during year 180,534 Accounts
Based on the following data, what is the accounts receivable turnover?
Sales on account during year | $432,045 |
Cost of goods sold during year | 180,534 |
Accounts receivable, beginning of year | 41,109 |
Accounts receivable, end of year | 52,125 |
Inventory, beginning of year | 91,460 |
Inventory, end of year | 108,970 |
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