Question: Based on the following data for the current year, what is the accounts receivable turnover? Net sales on account during year $519,494 Cost of merchandise

Based on the following data for the current year, what is the accounts receivable turnover?

Net sales on account during year $519,494
Cost of merchandise sold during year 204,561
Accounts receivable, beginning of year 48,144
Accounts receivable, end of year 50,807
Inventory, beginning of year 96,875
Inventory, end of year 105,225

Select the correct answer.

4.9
10.8
2.5
10.5

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