Question

A company has net sales of $1,630,200 and average accounts receivable of $418,000. What is its accounts receivable turnover for the period?

Answer 1

An accounts receivable turnover is describes or shows how efficiently is the company or a firm uses its assets. This can be calculated by dividing the net value of sales by the accounts receivable.
accounts receivable turnover = net sales / accounts receivable

Substituting,
accounts receivable turnover = ($1,630,200) / ($418,000)
= 3.9