Question: A Company had the following balances at the end of 2018 and 2019 respectively:
Net Credit Sales - $980,000 for 2018 and $1,082,000 for 2019.
Accounts Receivable - $88,000 for 2018 and $95,000 for 2019.
Allowance for Doubtful Accounts - $5,000 for 2018 and 5,500 for 2019
What is the accounts receivable turnover ratio?
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