Compute the accounts receivable turnover ratio

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Reference no: EM132492288

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

Net Credit Sales - $960,000 for 2018 and $1,022,000 for 2019.

Accounts Receivable - $100,000 for 2018 and $95,000 for 2019.

Allowance for Doubtful Accounts - $5,000 for 2018 and 7,500 for 2019

Question 1: Calculate the accounts receivable turnover ratio to one decimal place.

Reference no: EM132492288

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