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

Question 90

Multiple Choice

The following balance sheet information was provided by O'Connor Company:  Assets  Year 2  Year 1  Cash $3,600$2,600 Accounts receivable $8,600$6,600 Inventory $36,000$37,000\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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