The following balance sheet information was provided by O'Connor Company:AssetsYear 2 Year 1Cash$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. 20 times
B. 22.5 times
C. 7.7 times
D. 18 times
Answer: A
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