Potaw Company reported the following data at the end of 2014: $\begin{array}{lr}\text { Sales revenue ( } 75 \% \text { on credit) }&\$300,000\
\text { Expenses ( } 26 \% \text { on credit) }&60,000\
\text { Accounts receivable, net at December } 31,2014 \text { (a decrease }\
\text { of } \$ 4,000 \text { during 2014) } & 8,000 \
\text { Total assets } & 200,000 \
\text { Stockholders' equity } & 150,000
\end{array}$ What was the accounts receivable turnover ratio?
A) 30.0
B) 37.5
C)36.5
D)22.5

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The Answer of Potaw Company reported the following data at the end of 2014: $\begin{array}{lr}\text { Sales revenue ( } 75 \% \text { on credit) }&\$300,000\
\text { Expenses ( } 26 \% \text { on credit) }&60,000\
\text { Accounts receivable, net at December } 31,2014 \text { (a decrease }\
\text { of } \$ 4,000 \text { during 2014) } & 8,000 \
\text { Total assets } & 200,000 \
\text { Stockholders' equity } & 150,000
\end{array}$ What was the accounts receivable turnover ratio?
A) 30.0
B) 37.5
C)36.5
D)22.5

Potaw Company Reported the Following Data at the End of 2014