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Refer to the following selected financial information from Fennie's, LC, Compute the company's accounts receivable tamover for Year 2 Year 21 Year 1 Cash $32,250

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Refer to the following selected financial information from Fennie's, LC, Compute the company's accounts receivable tamover for Year 2 Year 21 Year 1 Cash $32,250 Short-term investments 60,000 $37.500 90,000 85,500 121.000 79,500 125,000 Accounts receivable.net Merchandise inventory Prepaid expenses Property, plant and equipment Accounts payable 9.700 12.100 388.000 338,000 113.400 107,800 Net sales 711,000 676.000 Cost of goods sold 390,000 375,000

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