Refer to the Following Selected Financial Information from McCormik,LLC A)862
B)8

question 151

Multiple Choice

Refer to the following selected financial information from McCormik,LLC.Compute the company's accounts receivable turnover for Year 2. $$\begin{array} { l r r } & { \text { Year 2 } } & \text { Year 1 } \\\text { Cash } & \$37,500 & \$ 36,850 \\\text { Short-term irvestrnents }& 90,000 & 90,000 \\\text { Accounts receivable, net } & 85,500 & 86,250 \\\text { Merchardise irventory } & 121,00 0 & 117,000 \\\text { Prepaid experses } & 12,100 & 13,500 \\\text { Plart assets } & 388,000 & 392,000 \\\text { Accounts payable } & 113,40 0 & 111,750 \\\text { Net sales } & 711,000 & 706,000 \\\text { Cost of goods sold }& 390,000 & 385,500\end{array}$$

• A)8.62.
• B)8.28.
• C)8.94.
• D)5.78.
• E)7.90.

---

Definitions:

Participant Observation

A qualitative research method in which the researcher immerses themselves in a community or group to observe behaviors and interactions from within.

Participant Observation

A research method used by sociologists and anthropologists, where the researcher immerses themselves in the community or group being studied to observe and participate in their activities.

Social Setting

The physical and social environment in which individuals interact, influencing behaviors, attitudes, and relationships.