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Net sales revenue is $720,000. Beginning and ending net accounts receivable are $62,000 and $58,000, respectively. Calculate the receivables turnover ratio.

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Based on the sales revenue and the net accounts receivable, the receivables turnover ratio is 12 times .

What is the receivables turnover ratio?

This can be found as:

= Net sales revenue / Average accounts receivable

Solving give:

= 720,000 / (62,000 + 58,000) / 2

= 720,000 / 60,000

= 12 times

Find out more on receivables turnover ratio at https://brainly.com/question/27523896.

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