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South Rims has an accounts receivable balance at the end of 2018 of $\$ 357,470 .$ The net credit sales for the year are $\$ 769,346 .$ The balance at the end of 2017 was $\$ 325,300 .$ What is the accounts receivable turnover rate for 2018 (rounded to two decimal places)?A. 2.02 timesB. 2.25 timesC. 2.15 timesD. 1.13 times

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Chapter 9

Accounting for Receivables

Section 3

Determine the Efficiency of Receivables Management Using Financial Ratios

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so you will understand the meaning off a d r. Okay, so the full form off this a combs it is evil. Racial. Okay, so what actually shows it shows deck. How much? Dinz. The entity has two kids. Every Steckel balance on its books. Who gentry it? The I couldn't. But I dip sips. However we every time, our technical definition here. But we will understand that through a formula. So we have a formula for idea, which is that that deep scenes bar the next night the whole formula. Okay, for sake of simplicity, opening balance off letters less see a lot. See, a lot means closing balance off debt is divided back. So this whole down, which is in the back, it is also known as a pledge doctors Bennett's. So this racial shows that that how much that how much that average decker balance the entity has to keep so that it can produce this negative sense. Okay, Now let's take values we have. Okay, So then actually senses 769 346 Okay, So the opening details off balance is 3 to 5 300 Okay. And that closing balance of their houses 357 four, 70 Okay, what is the opening balance of directors means that the balance of letters that has been carried forward from last year too got in front of you. And what is the closing balance of records? Means the balance for the gout in financially. Okay, at the end of the invention. So after you will duty calculation, you will get Groupon through five times. Okay, so it is Do it is very easy toe do this calculation. However, interpreting interpretative open to five times is very essential for us. So who want to five times means that and he has to give. Okay, So 2.25 times means this amount 7693.6 is who 0.25 times off this amount. Okay, this whole amount, after doing the calculation within the records. Okay, so it means that and on average, identity has to give this parents on it. Books who generator neck credit sale of this much. Okay, So African solution matches with choice. Be sort choice. B is the correct answer. However, you can write down what I have returned so far. Who are every defendant solution. However, we have a gene double solution

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