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The following transactions occurred over the months of September to December at Nicoles Getaway Spa (NGS). September Sold spa merchandise to Ashley Welch Beauty for

The following transactions occurred over the months of September to December at Nicoles Getaway Spa (NGS).

September

Sold spa merchandise to Ashley Welch Beauty for $1,600 on account; the cost of these goods to NGS was $820.

October

Sold merchandise to Kelly Fast Nail Gallery for $370 on account; the cost of these goods to NGS was $160.

November

Sold merchandise to Raea Gooding Wellness for $220 on account; the cost of these goods to NGS was $150.

December

Received $1,080 from Ashley Welch Beauty for payment on its account.

4.

Assume the end of the previous year showed net accounts receivable of $760, and net sales for the current year are $8,600. Calculate the accounts receivable turnover ratio. (Do not round intermediate calculations. Round your answer to 1 decimal place.)

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