Dorchester Company had the following balances at the end of 2018 and 2019
Dorchester Company had the following balances at the end of 2018 and 2019 respectively:
Net Credit Sales – $860,000 for 2018 and $912,000 for 2019.
Accounts Receivable – $84,000 for 2018 and $107,000 for 2019.
Allowance for Doubtful Accounts – $6,000 for 2018 and 6,500 for 2019
Calculate the accounts receivable turnover ratio to one decimal place.
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
