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Based on the following data, what is the accounts receivable turnover? Sales on account during year $600,000 Cost of merchandise sold during year 290,000 Accounts
Based on the following data, what is the accounts receivable turnover?
Sales on account during year | $600,000 |
Cost of merchandise sold during year | 290,000 |
Accounts receivable, beginning of year | 40,000 |
Accounts receivable, end of year | 30,000 |
Inventory, beginning of year | 95,000 |
Inventory, end of year
| 120,000 |
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