Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Peartree Company provides the following data Ik here to view ine balance shesi Click here to view the income statement. What is the accounts receivable
Peartree Company provides the following data Ik here to view ine balance shesi Click here to view the income statement. What is the accounts receivable turnover for 2021? Round to two decimal places, O A. 1.55 times OB. 0.76 times OC. 727 times OD 707 times X Balance sheet d to the Peartree Company Balance Sheet December 31, 2021 Dec. 31, 2021 Dec. 31, 2020 Cash $21.000 $18.000 Accounts receivable, net 31.000 35.000 Inventory 53.000 25.000 Property, plant and equipment, net 120.000 90.000 Total assets $225.000 $168.000 Accounts payable Accrued liabilities Long-term notes payable Total liabilities $4.000 2.000 84.000 $6.000 1.000 90.000 $97.000 $90.000 Common shares Retained earnings Total shareholders' equity S30.000 105.000 135.000 S2.000 69.000 71.000 Balance Sheet December 31, 2021 Dec. 31, 2021 Dec. 31, 2020 Cash $21.000 $18.000 Accounts receivable, net 31,000 35.000 Inventory 53.000 25.000 Property, plant, and equipment, net 120.000 90.000 Total assets $225.000 $168.000 Accounts payable Accrued liabilities Long-term notes payable Total liabilities $4.000 2.000 84.000 $90.000 $6.000 1.000 90.000 $97.000 Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $30.000 105.000 135.000 $225.000 $2.000 69.000 71.000 $168.000 Peartree Company provides the following data Ik here to view ine balance shesi Click here to view the income statement. What is the accounts receivable turnover for 2021? Round to two decimal places, O A. 1.55 times OB. 0.76 times OC. 727 times OD 707 times X Balance sheet d to the Peartree Company Balance Sheet December 31, 2021 Dec. 31, 2021 Dec. 31, 2020 Cash $21.000 $18.000 Accounts receivable, net 31.000 35.000 Inventory 53.000 25.000 Property, plant and equipment, net 120.000 90.000 Total assets $225.000 $168.000 Accounts payable Accrued liabilities Long-term notes payable Total liabilities $4.000 2.000 84.000 $6.000 1.000 90.000 $97.000 $90.000 Common shares Retained earnings Total shareholders' equity S30.000 105.000 135.000 S2.000 69.000 71.000 Balance Sheet December 31, 2021 Dec. 31, 2021 Dec. 31, 2020 Cash $21.000 $18.000 Accounts receivable, net 31,000 35.000 Inventory 53.000 25.000 Property, plant, and equipment, net 120.000 90.000 Total assets $225.000 $168.000 Accounts payable Accrued liabilities Long-term notes payable Total liabilities $4.000 2.000 84.000 $90.000 $6.000 1.000 90.000 $97.000 Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $30.000 105.000 135.000 $225.000 $2.000 69.000 71.000 $168.000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started