Calculate the 2019 accounts receivable turnover for Acme Inc. based on the following information (round to...

Calculate the 2019 accounts receivable turnover for Acme Inc. based on the following information (round to 2 decimals)

2019 2018

Net sales $2,000,000 $1,800,000

Accounts Receivable $250,000 $260,000

Allowance 4 bad debit $7500 $7800

Expert Solution


Accounts Receivable Turnover = Net Credit Sales /Average Net Accounts Receivable
=2000000 / 247350
8.09


Calculate Averegae net accounts recivable

	2019	2018	Average
Accounts receivable	250,000	260,000
Less: allowance for bad debts	7,500	7,800
Net Accounts receivable	242,500	252,200	247,350

ekkarill92 answered 3 years ago

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