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Calculate the accounts receivable turnover ratio

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Reference no: EM132646616

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

Net Credit Sales - $820,000 for 2018 and $952,000 for 2019.

Accounts Receivable - $84,000 for 2018 and $95,000 for 2019.

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

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

Reference no: EM132646616

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