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What was the accounts receivable turnover ratio

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Reference no: EM132781515

Question - 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 Assets = 200000

Stockholder Equity = 5000

Required - What was the accounts receivable turnover ratio?

Reference no: EM132781515

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