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Dorchester Company had the following balances at the end of 2018 and 2019 respectively: Net Credit Sales - $845,000 for 2018 and $942,000 for 2019.
Dorchester Company had the following balances at the end of 2018 and 2019 respectively:
Net Credit Sales - $845,000 for 2018 and $942,000 for 2019.
Accounts Receivable - $88,000 for 2018 and $99,000 for 2019.
Allowance for Doubtful Accounts - $5,000 for 2018 and 7,500 for 2019
Calculate the accounts receivable turnover ratio to one decimal place.
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