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Compute accounts receivable turnover for 2010 and 2011

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The following information is from the annual financial statements of Waseem Company. Compute its accounts receivable turnover for 2010 and 2011. Compare the two years results and give a possible explanation for any change (competitors average a turnover of 11).

 

2011

2010

2009

Net sales

$305,000

$236,000

$288,000

Accounts receivable, net (year-end) 

22,900

20,700

17,400

Reference no: EM13536701

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