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Based on the following data, what is the accounts receivable turnover? Sales on account during year $501,901 Cost of merchandise sold during year 169,866 Accounts
Based on the following data, what is the accounts receivable turnover?
Sales on account during year | $501,901 |
Cost of merchandise sold during year | 169,866 |
Accounts receivable, beginning of year | 43,594 |
Accounts receivable, end of year | 52,217 |
Inventory, beginning of year | 93,445 |
Inventory, end of year | 100,044 |
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