Question
The following balance sheet information was provided by O'Connor Company: Assets Year 2 Year 1 Cash $2,000 $1,000 Accounts receivable $7,000 $ 5,000 Inventory $20,000
The following balance sheet information was provided by O'Connor Company: Assets Year 2 Year 1 Cash $2,000 $1,000 Accounts receivable $7,000 $ 5,000 Inventory $20,000 $21,000 Assuming that net credit sales for Year 2 totaled $145,000, what is the company's most recent accounts receivable turnover?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
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