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Calculate the accounts receivable turnover ratio

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Reference no: EM132523098

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

Net Credit Sales - $870,000 for 2018 and $1,062,000 for 2019.

Accounts Receivable - $80,000 for 2018 and $111,000 for 2019.

Allowance for Doubtful Accounts - $6,000 for 2018 and 5,500 for 2019

Calculate the accounts receivable turnover ratio to one decimal place.

Reference no: EM132523098

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