Question
Dorchester Company had the following balances at the end of 2018 and 2019 respectively: Net Credit Sales - $900,000 for 2018 and $1,100,000 for
Dorchester Company had the following balances at the end of 2018 and 2019 respectively: Net Credit Sales - $900,000 for 2018 and $1,100,000 for 2019. Accounts Receivable - $92,000 for 2018 and $97,000 for 2019. Allowance for Doubtful Accounts $6,000 for 2018 and 6,500 for 2019 Calculate the accounts receivable turnover ratio to one decimal place. Your Answer:
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Accounting concepts and applications
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