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Eugene Enterprise Ltd. revealed the following information for the years ended December 31, 2019 and 2020: 2019 2020 Current Assets Cash $25,000 $26,250 Accounts Receivable
Eugene Enterprise Ltd. revealed the following information for the years ended December 31, 2019 and 2020: 2019 2020 Current Assets Cash $25,000 $26,250 Accounts Receivable 247,500 299,000 Inventory 1,950,000 1,725,000 Prepaid expenses 4,000 4,000 Total Current Assets $2.226.500 $2,054,250 Current Liabilities $1,400,000 $1,225,000 Net Credit Sales $2,400,000 $2,255,000 Orville Enterprise's credit terms are net 30 days. Eugene Enterprise's A/R turnover ratio is O 9.70. O 8.25. O 8.03. O 8.52
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