Problem: If a company has net sales of $500,000; gross sales of $600,000 and an average accounts receivable balance of $100,000 – what is the accounts receivable turnover? a. 3.0 b. 4.0 c. 5.0 d. 6.0

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If a company has net sales of $500,000; gross sales of $600,000 and an average accounts receivable balance of $100,000 – what is the accounts receivable turnover?

a. 3.0

b. 4.0

c. 5.0

d. 6.0

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