Ask Question
28 August, 16:15

Andras Technology has accounts receivable of $35,680, total assets of $538,500, cost of goods sold of $325,400, and a capital intensity ratio of. 90. What is the accounts receivable turnover rate?

+3
Answers (1)
  1. 28 August, 16:33
    0
    16.77

    Explanation:

    Given that,

    Accounts receivable = $35,680

    Total assets = $538,500

    Cost of goods sold = $325,400

    Capital intensity ratio = 0.90

    Accounts receivable turnover rate:

    = (Total assets : Capital intensity ratio) : Accounts receivable

    = ($538,500 : 0.90) : $35,680

    = $598,333.333 : $35,680

    = 16.77

    Therefore, the accounts receivable turnover rate is 16.77.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Andras Technology has accounts receivable of $35,680, total assets of $538,500, cost of goods sold of $325,400, and a capital intensity ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers