The following balance sheet information was provided by Owen Company:
Assuming that net credit sales totaled $300,000 and cost of goods sold totaled $175,000,what is the company's most recent accounts receivable turnover?
A)15 times
B)21 times
C)24 times
D)25 times

Question

The following balance sheet information was provided by Owen Company:
Assuming that net credit sales totaled $300,000 and cost of goods sold totaled $175,000,what is the company's most recent accounts receivable turnover? 
A)15 times 
B)21 times 
C)24 times 
D)25 times

Quizplus · Accepted Answer

The Answer of The following balance sheet information was provided by Owen Company:
Assuming that net credit sales totaled $300,000 and cost of goods sold totaled $175,000,what is the company's most recent accounts receivable turnover? 
A)15 times 
B)21 times 
C)24 times 
D)25 times

The Following Balance Sheet Information Was Provided by Owen Company