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9. Refer to the following selected financial information from BEA Ltd. Calculate the company's accounts receivable turnover for Year 2. Round your answer to 2
9. Refer to the following selected financial information from BEA Ltd. Calculate the company's accounts receivable turnover for Year 2. Round your answer to 2 decimal places. To earn partial credit, SHOW your calculation in detail. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 S 37,500 90,000 85,500 121,000 12,100 388,000 113,400 711,000 390,000 Year 1 S 36,850 90,000 86,250 117,000 13,500 392,000 111,750 706,000 385,500
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