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Dorchester Company had the following balances at the end of 2018 and 2019 respectively: Net Credit Sales - $990,000 for 2018 and $932,000 for 2019.
Dorchester Company had the following balances at the end of 2018 and 2019 respectively:
Net Credit Sales - $990,000 for 2018 and $932,000 for 2019.
Accounts Receivable - $80,000 for 2018 and $103,000 for 2019.
Allowance for Doubtful Accounts - $5,000 for 2018 and 6,500 for 2019
Calculate the accounts receivable turnover ratio to one decimal place.
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