The Following Information Was Available for the Year Ended December

question 31

Multiple Choice

The following information was available for the year ended December 31, 2019: $\begin{array}{lr}\text { Net sales } & \$ 300,000 \\\text { Cost of goods sold } & 210,000 \\\text { Average accounts receivable for the year } & 15,000 \\ \text { Accounts receivable at year-end } & 18,000 \\\text { Average inventory for the year } & 60,000 \\\text { Inventory at year-end } & 70,000\end{array}$ The accounts receivable turnover for 2019 was:

• A)11.7 times
• B)14.0 times
• C)16.7 times
• D)20.0 times

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Definitions:

Font Colors

The property of text that defines the color in which the text is displayed, allowing for visual distinction and emphasis in documents or presentations.

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A cohesive set of design elements and color schemes applied to documents or software interfaces to achieve a uniform appearance.

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Variations in the appearance of text, including bold, italic, underline, and others, used to add emphasis or convey different meanings in documents and designs.

Theme

A set of design elements and color schemes used to give a cohesive appearance to a document, presentation, or interface.