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Based on the following data, what is the accounts receivable turnover? Sales on account during year $448,820 Cost of goods sold during year 216,996 Accounts
Based on the following data, what is the accounts receivable turnover?
Sales on account during year | $448,820 |
Cost of goods sold during year | 216,996 |
Accounts receivable, beginning of year | 42,413 |
Accounts receivable, end of year | 53,506 |
Inventory, beginning of year | 86,125 |
Inventory, end of year | 105,709 |
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