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.