$\begin{array}{l}
\text { LIABILITIES AND SHAREHOLDERS' EQUITY }\
\begin{array} { l r }
\text { Accounts payable } & \$ 60,000 \
\text { Accrued expenses } & 40,000 \
\text { Long-term debt } & 130,000 \
\text { Common stock } & 80,000 \
\text { Retained earnings } & \underline { 100,000 } \
\text { Total Liabilities and Shareholders' Equity } & \underline { \$ 410,000 }
\end{array}
\end{array}$

-Megaframe's receivable turnover is:
A) 4.4x.
B) 10x.
C) 11.67x.
D) 14.4x.

Question

$\begin{array}{l}
\text { LIABILITIES AND SHAREHOLDERS' EQUITY }\
\begin{array} { l r } 
\text { Accounts payable } & \$ 60,000 \
\text { Accrued expenses } & 40,000 \
\text { Long-term debt } & 130,000 \
\text { Common stock } & 80,000 \
\text { Retained earnings } & \underline { 100,000 } \
\text { Total Liabilities and Shareholders' Equity } & \underline { \$ 410,000 }
\end{array}
\end{array}$

-Megaframe's receivable turnover is:
A) 4.4x. 
B) 10x. 
C) 11.67x. 
D) 14.4x.

Quizplus · Accepted Answer

To calculate receivable turnover, we need net credit sales, which is not given in the question. Therefore, we cannot directly calculate receivable turnover.

-Megaframe's Receivable Turnover Is: A) 4

-Megaframe's Receivable Turnover Is:
A) 4