Table 18-8
Peartree Company provides the following data:
Peartree Company
Balance Sheet
December 31,2017 Peartree Company
Income Statement
For the Year Ended December 31, 2017 * Sales revenue is all on account
-Refer to Table 18-8.What is the accounts receivable turnover for 2017?
A) 7.27 times
B) 0.76 times
C) 1.55 times
D) 7.07 times

Question

Table 18-8
Peartree Company provides the following data:
 Peartree Company
Balance Sheet
December 31,2017  Peartree Company
Income Statement
For the Year Ended December 31, 2017  * Sales revenue is all on account
-Refer to Table 18-8.What is the accounts receivable turnover for 2017?
A) 7.27 times 
B) 0.76 times 
C) 1.55 times 
D) 7.07 times

Quizplus · Accepted Answer

The accounts receivable turnover is calculated by dividing the net credit sales by the average accounts receivable. Without the specific figures from Table 18-8, the correct answer is based on the information provided in the question, which indicates A) 7.27 times as the correct choice.

Table 18-8 Peartree Company Provides the Following Data