Dorchester Company had the following balances at the end of 2018 and 2019 respectively:
Dorchester Company had the following balances at the end of 2018 and 2019 respectively:
Net Credit Sales – $825,000 for 2018 and $1,082,000 for 2019.
Accounts Receivable – $84,000 for 2018 and $99,000 for 2019.
Allowance for Doubtful Accounts – $5,000 for 2018 and 5,500 for 2019
Calculate the accounts receivable turnover ratio to one decimal place
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