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 – $925,000 for 2018 and $932,000 for 2019.
Accounts Receivable – $80,000 for 2018 and $115,000 for 2019.
Allowance for Doubtful Accounts – $6,000 for 2018 and 7,500 for 2019
Calculate the accounts receivable turnover ratio to one decimal place.
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