Question
The following balance sheet information was provided by Owen Company: Assets 2015 2014 Cash $ 4,000 $ 2,000 Accounts receivable 15,000 9,000 Inventory 42,000 45,000
The following balance sheet information was provided by Owen Company:
| Assets | 2015 | 2014 |
| Cash | $ 4,000 | $ 2,000 |
| Accounts receivable | 15,000 | 9,000 |
| Inventory | 42,000 | 45,000 |
Assuming that net credit sales totaled $300,000 and cost of goods sold totaled $175,000, what is the company's most recent accounts receivable turnover?
15 times
21 times
24 times
25 times
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Finance And Strategy
Authors: Belen Villalonga
1st Edition
1783504935, 978-1783504930
