Refer to the following selected financial information from McCormik, LLC. Compute the company's accounts receivable turnover for Year 2. Year 2Year 1 Cash$38,900? $ 33,650 ?Short-term investments 104,000? 67,000? ?Accounts receivable, net 92,500? 86,500? ?Merchandise inventory 128,000? 132,000? ?Prepaid expenses 13,500? 11,100? ?Plant assets 395,000? 345,000? ?Accounts payable 106,400? 114,800? ?Net sales 718,000? 683,000? ?Cost of goods sold 397,000? 382,000? ???
A. 8.30.
B. 8.02.
C. 7.76.
D. 6.90.
E. 5.61.
Answer: B
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