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The financial statements of the Bramble Corp. report net sales of $473850 and accounts receivable of $56000 and $25000 at the beginning of the year and the end of the year, respectively. What is the accounts receivable turnover for Bramble?

Respuesta :

Answer:

the accounts receivable turnover for Bramble is 5.85 times

Explanation:

The computation of the account receivable turnover ratio is shown below

the account receivable turnover ratio is

= Net sales ÷ (Beginning account receivable + ending account receivable) ÷ 2

= $473,850 ÷ ($56,000 + $25,000)

= 5.85 times

Hence, the accounts receivable turnover for Bramble is 5.85 times

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