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Kerwick Company had accounts receivable of $199,600on January 1, 2017. The only transactions that affected accounts receivable during 2017 were net credit sales of $1,502,600,
Kerwick Company had accounts receivable of $199,600on January 1, 2017. The only transactions that affected accounts receivable during 2017 were net credit sales of $1,502,600, cash collections of $1,422,000, and accounts written off of $30,000.
Ending balance of accounts receivable 250200
Compute the accounts receivable turnover for 2017.(Round answer to 2 decimal places, e.g. 2.50.)
Accounts receivable turnover :
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