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-According to the Above Table

Question 111

Multiple Choice

 Net sales reverue $345,000Cost of goods sold $205,000 Average accourts receivable $32,500 Average irventory $9,450 Average plart, property ard equipment $81,250 Average total assets $130,000\begin{array}{llcc} \text { Net sales reverue } &\$345,000 \\ \text {Cost of goods sold } &\$205,000\\ \text { Average accourts receivable } &\$32,500\\ \text { Average irventory } &\$9,450\\ \text { Average plart, property ard equipment } &\$81,250\\ \text { Average total assets } &\$130,000\\\end{array}

-According to the above table.Calculate the company's accounts receivable turnover ratio for the current year?


A) 10.62
B) 4.0
C) 4.3
D) 6.31

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