Dorchester company had the following balances at the end of 2018 and 2019 respectively: net credit sales - $955,000 for 2018 and $1,022,000 for 2019. accounts receivable - $88,000 for 2018 and $111,000 for 2019. allowance for doubtful accounts - $4,000 for 2018 and 5,500 for 2019 calculate the accounts receivable turnover ratio to one decimal place.

The turnover ratio is 10.7

Explanation:

Turnover ratio may be defined as the ration of net credit sales with the average accounts receivable.

The formula used to calculate the turnover ratio is :

Net credit sales (2019)=  $1,022,000

Average account receivables =

=94750.

= 10.7

Hence, The turn over ratio is 10.7.

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explanation:

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