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What was the accounts receivable turnover ratio

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Reference no: EM132775563

SHEll Company reported the following data at the end of 2010:

Sales Revenue(75%on credit) =300000

Expenses(26% ON credit = 60,000

Accounts Receivable,Net at Dec31 2010(a decrease of 4000 during 2010) = 8000

Total Assests = 200000

Stockholder Equity = 5000

Problem 1: What was the accounts receivable turnover ratio?

Reference no: EM132775563

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