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The 2020, 2021, and 2022 Partial Balance Sheets for Ottoman

Question 136

Multiple Choice

The 2020, 2021, and 2022 partial balance sheets for Ottoman Manufacturing Company appear below. The 2020, 2021, and 2022 partial balance sheets for Ottoman Manufacturing Company appear below. Net credit sales for Ottoman were $126,000 for 2020, $120,000 for 2021 and $114,000 for 2022, while cost of goods sold was $84,000 for 2020, $82,400 for 2021 and $72,500 for 2022. What is the accounts receivable turnover for 2021? A) 3.75 times B) 4.61 times C) 5.00 times D) 6.00 times Net credit sales for Ottoman were $126,000 for 2020, $120,000 for 2021 and $114,000 for 2022, while cost of goods sold was $84,000 for 2020, $82,400 for 2021 and $72,500 for 2022. What is the accounts receivable turnover for 2021?


A) 3.75 times
B) 4.61 times
C) 5.00 times
D) 6.00 times

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