Question: Based on the following data for the current year, what is the accounts receivable turnover? Net sales on account during year $453,364 Cost of goods
Based on the following data for the current year, what is the accounts receivable turnover?
| Net sales on account during year | $453,364 |
| Cost of goods sold during year | 166,229 |
| Accounts receivable, beginning of year | 40,716 |
| Accounts receivable, end of year | 46,440 |
| Inventory, beginning of year | 84,557 |
| Inventory, end of year | 114,446 |
Round your answer to one decimal place.
Select the correct answer.
10.4
2.7
11.1
4.0
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