The following information is available for Seas, Inc.:
|
12/31/20A3
|
12/31/20A2
|
|
Cost of Goods Sold
|
$ 900,000
|
$ 700,000
|
|
Net Sales
|
1,500,000
|
1,000,000
|
|
Accounts Receivable
|
180,000
|
200,000
|
|
Allowance for Doubtful Accounts
|
30,000
|
40,000
|
What was the accounts receivable turnover ratio for 20A3?
7.89
8.33
9.68
5.81