Question: Based on the following data for the current year, what is the accounts receivable turnover? Net sales on account during year $527,630 Cost of merchandise

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

Net sales on account during year $527,630
Cost of merchandise sold during year 159,254
Accounts receivable, beginning of year 41,997
Accounts receivable, end of year 46,595
Inventory, beginning of year 91,226
Inventory, end of year 115,810

Select the correct answer.

4.6
3.3
11.9
12.6

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