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Andras Technology has accounts receivable of $35,680, total assets of $538,500, cost of goods sold of $325,400, and a capital intensity ratio of .90. What is the accounts receivable turnover rate?

Respuesta :

Answer:

16.77

Explanation:

Given that,

Accounts receivable = $35,680

Total assets = $538,500

Cost of goods sold = $325,400

Capital intensity ratio = 0.90

Accounts receivable turnover rate:

= (Total assets ÷ Capital intensity ratio) ÷ Accounts receivable

= ($538,500 ÷ 0.90) ÷ $35,680

= $598,333.333 ÷ $35,680

= 16.77

Therefore, the accounts receivable turnover rate is 16.77.

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