The following balance sheet information was provided by O'Connor Company:AssetsYear 2 Year 1Cash$2600? $1600? Accounts receivable 7600? 5600 Inventory$26,000? $27,000? Assuming that net credit sales for Year 2 totaled $151,000, what is the company's most recent accounts receivable turnover?
A. 22.88 times
B. 19.87 times
C. 11.44 times
D. 26.96 times
Answer: A
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