The following balance sheet information was provided by O'Connor Company: $\begin{array}{lrr}
\text { Assets } & \text { Year 2 } & \text { Year 1 } \
\text { Cash } & \$ 3,600 & \$ 2,600 \
\text { Accounts receivable } & \$ 8,600 & \$ 6,600 \
\text { Inventory } & \$ 36,000 & \$ 37,000
\end{array}$ Assuming that net credit sales for Year 2 totaled $161,000, what is the company's most recent accounts receivable turnover?
A) 18.72 times
B) 10.59 times
C) 24.39 times
D) 21.18 times

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The Answer of The following balance sheet information was provided by O'Connor Company: $\begin{array}{lrr}
\text { Assets } & \text { Year 2 } & \text { Year 1 } \
\text { Cash } & \$ 3,600 & \$ 2,600 \
\text { Accounts receivable } & \$ 8,600 & \$ 6,600 \
\text { Inventory } & \$ 36,000 & \$ 37,000
\end{array}$ Assuming that net credit sales for Year 2 totaled $161,000, what is the company's most recent accounts receivable turnover?
A) 18.72 times
B) 10.59 times
C) 24.39 times
D) 21.18 times

The Following Balance Sheet Information Was Provided by O'Connor Company