What is the companys accounts receivable turnover rate

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Reference no: EM131262365

Allatoona Landing reported net credit sales of $1,250,000 and cost of goods sold of $900,000 for 2012. Its beginning balance of Accounts Receivable was $175,000. The accounts receivable balance decreased by $25,000 during 2012. Rounded to two decimal places, what is the company's accounts receivable turnover rate for 2012?

a. 11.03

b. 8.33

c. 7.14

d. 7.69

Reference no: EM131262365

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