Question
Cash Accounts receivable, net Merchandise inventory Prepaid insurance Earnings per share The year-end balance sheets follow. At December 31 Assets $ 2.13 Current Year
Cash Accounts receivable, net Merchandise inventory Prepaid insurance Earnings per share The year-end balance sheets follow. At December 31 Assets $ 2.13 Current Year 1 Year Ago 2 Years Ago $ 31,159 89,100 111,000 $ 36,422 62,500 $ 37,940 Equipment, net 10,034 292,162 Total assets $ 533,455 $ 459,875 Liabilities and Equity Accounts payable $ 131,502 Notes payable 99,287 Common stock Retained earnings Total liabilities and equity 162,500 140,166 $ 533,455 84,500 9,561 266,892 $ 76,942 104,714 162,500 115,719 50,500 52,000 4,216 242,444 $ 387,100 $ 50,586 84,694 162,500 89,320 $ 459,875 $ 387,100 Entering answers in the tabs below. Requirement Requirement 2A 2B Compute accounts receivable turnover. Current Year 1 Year Ago Accounts Receivable Turnover Choose Numerator: / Choose Denominator: $ 1.99 = Accounts receivable turnover = times = times
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