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Balance Sheet Assets Cash and marketable securities Income statement Net sales (all credit $10.000.000 $600.000 (3.000.000 Accounts receivable Inventories Prepaid expenses Total current assets Fixed

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Balance Sheet Assets Cash and marketable securities Income statement Net sales (all credit $10.000.000 $600.000 (3.000.000 Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less, accum depreciation 900,000 1.500.000 75.000 $3,075.000 8.000.000 12.075,0001 Less Cost of goods sold Selling and administrative Jexpense pepreciation expense Interest expense Earnings before taxes Income taxes Net income Common stock shares outstanding Male price (2.000.000 (250.000 [200.000 4.550,00 11820,000 $2.730.000 Net foued assets Total assets $5.925.000 $9.000.000 1000.000 3000 Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity (1 million shares of common stock putstanding Total abilities and owner's equity $800.000 70 100 50.000 $1,550,000 2.500.000 4.950.000 $9.000.000 Based on the information in the above table the accounts receivable turnovers Based on the information in the above table the accounts receivable turnover is Multiple Choice 811 o 950 1000 1111

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