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BACC011 Quiz 3- Requires Respondus LockDown Browser

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Here is some recent information for a popular online beauty shop.  Calculate the accounts receivable turnover for 2025. Assume that all sales are on credit.  2024 2025 Sales revenue 175,002 215,173 Cost of sales 111,503 122,001 Interest expense 184 104 Profit before tax 200 2,800 Net profit after tax 264 2,373 Cash 32,000 27,700 Accounts receivable 2,500 2,100 Inventories 21,200 21,600 Accounts payable 20,600 20,710 Round your answer to one decimal place. Do the rounding at the end of all the calculating. 

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To determine the accounts receivable turnover, start by identifying the relevant figures: all sales are on credit, so net credit sales for 2025 equal the 2025 sales revenue, which is 215,173. Next, compute ......Login to view full explanation

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