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?

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.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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