powers company reported net sales of $1,340,000, average accounts receivable, net of $64,500, and net income of $56,975. the accounts receivable turnover ratio is:

The turnover proportion or turnover rate is the rate of a common finance or other portfolio's possessions that have been supplanted in a given year (calendar year or whichever 12-month period speaks to the fund's financial year).
Higher turnover rates cruel expanded support costs, which can diminish the fund's in general execution.
Higher turnover rates can moreover have negative assess results. Reserves with higher turnover rates are more likely to bring about capital picks up charges, which are at that point conveyed to financial specialists.

The given data is,

Net sales =$1,340,000

Average accounts receivable=$64,500

Net income=$56,975

Turnover ratio= Net sales/ Average accounts receivable

=1,340,000/64,500

=20.8 times.

For Powers Company, the accounts receivable turnover ratio is 20.8%.

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