Beverage international reports net credit sales for the year of $312,000. the company's accounts receivable balance at the beginning of the year equaled $39,000 and the balance at the end of the year equaled $49,000. what is beverage international's receivables turnover ratio? (round your answer to one decimal place.)

Accounts Receivables Turnover Ratio =

Explanation:

Accounts Receivables Turnover Ratio =

Here we are provided,

Net Credit sales for the year = $312,000

Accounts Receivables opening balance = $39,000

Accounts Receivables Closing Balance = $49,000

Average balance of Accounts Receivables =

Accounts Receivables Turnover Ratio =

This ratio is used to assess the effectiveness of a company in collecting it's debts, and how much credit shall be given.

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