Assessment $2$: $($Static$)$ The accounts receivable... LO $7-7$

The accounts receivable turnover ratio is calculated by:

Multiple Choice

subtracting the amount of credit sales from the average balance of accounts receivable.

dividing the average balance of accounts receivable by the amount of credit sales.

subtracting the average balance of accounts receivable from the amount of credit sales.

dividing the amount of credit sales by the average balance of accounts receivable.