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What was the accounts receivable turnover ratio

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Reference no: EM131611731

Problem - Potaw Company reported the following data at the end of 2016:

Sales revenue (75% on credit)$300,000Expenses (26% on credit)60,000Accounts receivable, net at December 31, 2016 (a decrease of $4,000 during 2016)8,000Total assets200,000Stockholders' equity150,000

What was the accounts receivable turnover ratio?

22.5

37.5

30.0

36.5

Reference no: EM131611731

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