Brief Exercise 18-11

The following data are taken from the financial statements of Rainsberger Company.

		2015		2014
Accounts receivable (net), end of year		$550,000		$520,000
Net sales on account		3,960,000		3,100,000
Terms for all sales are 1/10, n/60.

Compute for each year the accounts receivable turnover. At the end of 2013, accounts receivable (net) was $480,000. (Round answers to 1 decimal place, e.g. 1.6.)

		2015		2014
Accounts receivable turnover		[removed] times		[removed] times