Find the account receivable turnover rate and average age of the accounts receivable for a firm that has the following data: accounts receivable at the beginning of the year was $110,000, accounts receivable at the end of the year was $80,000; net sales were $875,000.

ind the account receivable turnover rate and average age of the accounts receivable for a rm that has the )llowing data: accounts receivable at the beginning of the year was $110,000, accounts receivable at the em fthe year was $80,000; net sales were $875,000. 0L , Account receivable turnover rate = 9.2 times Average account receivable = 39.7 days ID . Account receivable turnover rate = 8.0 times Average account receivable = 30 days C, Account receivable turnover rate = 10 times Average account receivable = 38 days d , Account receivable turnover rate = 11 times Average account receivable = 30 days