If net credit sales for a given year are $400,000 and the average accounts receivable are $20,000, What is the accounts receivable turnover?
A. 20
B. 80
C. 200
D. 50
Answer:A
If net credit sales for a given year are $400,000 and the average accounts receivable are $20,000, What is the accounts receivable turnover?
A. 20 B. 80 C. 200 D. 50