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Calculate the accounts receivable turnover ratio

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Reference no: EM132744811

Question - Dorchester Company had the following balances at the end of 2018 and 2019 respectively:

Net Credit Sales - $900,000 for 2018 and $972,000 for 2019.

Accounts Receivable - $80,000 for 2018 and $103,000 for 2019.

Allowance for Doubtful Accounts - $6,000 for 2018 and 7,500 for 2019

Required - Calculate the accounts receivable turnover ratio to one decimal place.

Reference no: EM132744811

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