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Dorchester Company had the following balances at the end of 2018 and 2019 respectively: Net Credit Sales - $950,000 for 2018 and $1,012,000 for 2019.
Dorchester Company had the following balances at the end of 2018 and 2019 respectively: Net Credit Sales - $950,000 for 2018 and $1,012,000 for 2019. Accounts Receivable - $80,000 for 2018 and $111,000 for 2019. Allowance for Doubtful Accounts - $4,000 for 2018 and 6,500 for 2019 Calculate the accounts receivable turnover ratio to one decimal place.
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