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Peartree Company provides the following data: BALANCE SHEET Dec 31, 2014 Dec 31, 2013 Cash $21,000 $18,000 Accounts receivable, net 31,000 35,000 Inventory 53,000 25,000

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Peartree Company provides the following data: BALANCE SHEET Dec 31, 2014 Dec 31, 2013 Cash $21,000 $18,000 Accounts receivable, net 31,000 35,000 Inventory 53,000 25,000 PP&E, net 120,000 90,000 Total assets $225,000 $168,000 Additional information: Net sales (all on account); Cost of goods sold: How much is the asset tumover for 2014? 7.27 $240,000 $110,000 O 1.22 1.55 O 7.07

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