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The following balance sheet information was provided by O'Connor Company Assets Cash Accounts receivable Inventory Year 2 Year 1 $2,500$1,500 $ 7,500 $5,500 $25,000 $26,000
The following balance sheet information was provided by O'Connor Company Assets Cash Accounts receivable Inventory Year 2 Year 1 $2,500$1,500 $ 7,500 $5,500 $25,000 $26,000 Assuming that net credit sales for Year 2 totaled $150,000, what is the company's most recent accounts receivable turnover? Multiple Choice 1.54 times 27.27 times 20.00 times
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