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Determine the accounts receivable turnover

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Question - Matt Phone Store had net credit sales of RM8,500,000 and cost of goods sold of RM5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were RM600,000 and RM760,000, respectively. Determine the accounts receivable turnover?

a. 12.5 times.

b. 7.4 times.

c. 5.9 times.

d. 11.2 times.

Reference no: EM133040504

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