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The following balance sheet information was provided by O'Connor Company: Assets Year 2 Year 1 Cash $ 3,500 $ 2,500 Accounts receivable 8,500 6,500 Inventory
The following balance sheet information was provided by O'Connor Company: Assets Year 2 Year 1 Cash $ 3,500 $ 2,500 Accounts receivable 8,500 6,500 Inventory $ 35,000 $ 36,000 Assuming that net credit sales for Year 2 totaled $160,000, what is the company's most recent accounts receivable turnover? Multiple Choice 18.82 times 21.33 times 24.62 times 10.67 times
The following balance sheet information was provided by O'Connor Company: Assets Cash Accounts receivable Inventory Year 2 $ 3,500 8,500 $35,000 Year 1 $ 2,500 6,500 $36,000 Assuming that net credit sales for Year 2 totaled $160,000, what is the company's most recent accounts receivable turnover? Multiple Choice 18.82 times 21.33 times O 24.62 times 10.67 timesStep by Step Solution
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