Kelly Inc. sold $930,000 worth of goods in the year 2013, out of which $820,000 was on credit. Accounts receivable at the beginning of the year amounted to $95,000 and $115,000 at the end of the year. What will be Kelly's accounts receivable turnover for the year?

Answer rating: 100% (QA)

The formula for accounts receivable turnover is Net Credit Sales divided by Aver... View the full answer