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Blossom Company had net accounts receivable of $200,000 on January 1, 2022. The only transactions that affected accounts receivable during 2022 were net credit sales
Blossom Company had net accounts receivable of $200,000 on January 1, 2022. The only transactions that affected accounts receivable during 2022 were net credit sales of $1,125,000. On December 31, 2022, the company had net receivables of $250,000. Compute the accounts receivable turnover for 2022.
Accounts receivable turnover = |
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