QS $7-20($Algo$)$ Accounts receivable turnover LO A$1$

The following data are for Rocky Company.

Accounts receivable, net

Current Year $1$ Year Ago

$$154,800,$$$139,900$

$931,105,980,600$

Net sales

$($a$)$ Compute Rocky's accounts receivable turnover.

$($b$)$ If its competitor, Dixon, has an accounts receivable turnover of $8,$ which company appears to be doing a better job of managing its

receivables?

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Required A

Compute Rocky's accounts receivable turnover.