calculate the firm receivable turnover

 

ASSETS Cash Accounts Receivable Inventory Net Plant and Equipment Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable Accrued Expenses Long-Term Debt Common Stock Paid-In Capital Retained Earnings Total Liabilities and Stockholders Equity $ 50.000 70,000 110,000 220.000 $450,000 Sales (all on credit) Cost of Goods Soldi Gross Profit Sales and Administrative Expense Depreciation Operating Profit Interest Expense Profit before Taxes Taxes (30%) Net Income Refer to the figure above. The firm's receivable turnover is______ O 4.4x 10x 1258 14.4x $ 70.000 50.000 MEGAFRAME COMPUTER COMPANY Income Statement For the Year Ended December 31. 2009 130.000 70.000 40,000 90.000 $450,000 $875.000 600,000 275.000 30,000 55.000 190,000 25,000 165,000 49.500 $115.500