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Calculate the accounts receivable turnover ratio

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Reference no: EM132472252

Problem - Dorchester Company had the following balances at the end of 2018 and 2019 respectively:

Net Credit Sales - $895,000 for 2018 and $1,052,000 for 2019.

Accounts Receivable - $80,000 for 2018 and $95,000 for 2019.

Allowance for Doubtful Accounts - $4,000 for 2018 and 5,500 for 2019

Required - Calculate the accounts receivable turnover ratio to one decimal place.

Reference no: EM132472252

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