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How do calculate the accounts receivable turnover ratio

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Reference no: EM132598609

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

Net Credit Sales - $805,000 for 2018 and $1,042,000 for 2019.

Accounts Receivable - $88,000 for 2018 and $111,000 for 2019.

Allowance for Doubtful Accounts - $4,000 for 2018 and 5,500 for 2019

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

Reference no: EM132598609

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