Question
The following balance sheet information was provided by O'Connor Company: Assets Year 2 Year 1 Cash $ 3,700 $ 2,700 Accounts receivable 8,700 6,700 Inventory
The following balance sheet information was provided by O'Connor Company:
| Assets | Year 2 | Year 1 |
|---|---|---|
| Cash | $ 3,700 | $ 2,700 |
| Accounts receivable | 8,700 | 6,700 |
| Inventory | 37,000 | 38,000 |
Assuming that net credit sales for Year 2 totaled $162,000, what is the company's most recent accounts receivable turnover?
Multiple Choice
21.04 times
18.62 times
24.18 times
10.52 times
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Accountancy And The Changing Landscape Of Integrated Reporting
Authors: Ioana Dragu
1st Edition
1522536221, 9781522536222
