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How much is the company accounts receivable turnover

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Question 1: Redzone Corporation reported $400,000 in sales on account plus another $60,000 in cash sales last year. Cost of goods sold for the period totaled $220,000. The beginning balance in accounts receivable was $32,000 and the ending balance was $50,000. How much is the company's accounts receivable turnover?

Option 1: 9.2 times

Option 2: 4.8 times

Option 3: 8.0 times

Option 4: 12.5 times

Reference no: EM132602983

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