The following balance sheet information was provided by O'Connor Company:Assets Year 2 Year 1 Cash$4,000 $2,000 Accounts receivable 15,000 12,000 Inventory$35,000 $38,000 Assuming that net credit sales for Year 2 totaled $270,000, what is the company's most recent accounts receivable turnover?
A. 7.7 times
B. 18 times
C. 22.5 times
D. 20 times
Answer: D
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A) needs-based segmentation B) segment identification C) segment profitability D) segment "acid test" E) marketing-mix strategy
During the month of February, Rubio Services had cash receipts of $7,500 and cash disbursements of $8,600. The February 28 cash balance was $1,800. What was the February 1 beginning cash balance?
A. $1,100. B. $2,900. C. $700. D. $0. E. $4,300.
______ is a function of how many organization resources are used in getting the job done.
A. Productivity B. Effectiveness C. Efficiency D. Electiveness E. Opportunity cost
Which of the following was established by the Dodd-Frank Act?
a. The Consumer Financial Protection Bureau b. The Securities and Exchange Commission c. The Commodity Futures Trading Commission d. The Consumer Product Safety Commission