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The following information pertains to Bramble Corp. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were
The following information pertains to Bramble Corp. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $ 55000 32000 30000 217000 $334000 $ 60000 82000 192000 $334000 Income Statement Sales revenue Cost of goods sold Gross pront Operating expenses Net income $112000 49000 63000 30000 $ 33000 10000 $17 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 1.8 $43000 What is the accounts receivable turnover for this company? O 3.5 times O 3.1 times O 2.1 times O 2.9 times
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