Question: The following selected transactions are from King Company. It is expressed as a simple formula: Net Credit Sales ÷ Average Accounts Receivable = Accounts Receivable Turnover Ratio. Where.Please fill out this field. Calculate the net credit sales. This is the revenue generated from credit sales, minus any returns. 2024 was €0.03 Mil. A business person calculating profit from revenue. Calculating the total margin ratio.