1)

Which of the following represents the number of shares currently owned by investors?

Select one:

a. Issued Shares

b. Authorized shares.

c. Treasury shares.

d. Outstanding Shares

2)

Tinker Company reported the following data at the end of 2016:

Sales revenue (75% on credit)	$300,000
Expenses (26% on credit)	60,000
Accounts receivable, net at December 31, 2016	8,000
Accounts receivable, net at December 31, 2015	12,000
Total assets	200,000
Stockholders equity	150,000

What was the accounts receivable turnover ratio?

Select one:

a. 37.5

b. 22.5

c. 30.0

d. 36.5