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The Following Balance Sheet Information Was Provided by Owen Company

Question 20

Multiple Choice

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? 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


A) 15 times
B) 21 times
C) 24 times
D) 25 times

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