The financial statements of Bramble Manufacturing Company report net sales of $569500 and accounts receivable of $91000 and $43000 at the beginning and end of the year, respectively. What is the accounts receivable turnover for Bramble

8.5

Explanation:

Account receivable turnover is calculated by dividing the net credit sales by the average of account receivable.

Net sales $569,000

Account receivable $91,000

Account receivable - $43000

Average account receivables = (91000+43000) / 2 = $67,000

Account receivable turnover = 569000/67000 = 8.5