Answer:
$1,627,579
Step-by-step explanation:
Given that
The account receivable turnover is 4.8 times
And, the net sales is $7,812,379
We need to find out the receivable
So as we know that
accounts receivable turnover = net sales ÷ average accounts receivables
Therefore the accounts receivables is
= ($7,812,379 ÷ 4.8)
= $1,627,578.96
= $1,627,579
