The Following Information Is Available for Patterson Company The Accounts Receivable Turnover for 2017 Is
A)8

question 97

Multiple Choice

The following information is available for Patterson Company: $\begin{array}{lrr}&2017&2016\\\text { Accounts receivable } & \$ 360,000 & \$ 340,000 \\\text { Inventory } & 280,000 & 320,000 \\\text { Net credit sales } & 3,150,000 & 2,600,000 \\\text { Cost of goods sold } & 1,800,000 & 840,000 \\\text { Net income } & 300,000 & 170,000\end{array}$ The accounts receivable turnover for 2017 is

• A)8.8 times.
• B)4.5 times.
• C)9.0 times.
• D)9.3 times.

---

Definitions:

Electrical Shock

Electrical shock is the physiological reaction or injury caused by electric current passing through the human body.

Product Liability

The legal obligation of manufacturers and sellers to be held accountable for defective products that cause injury to consumers.

Knowledgeable User

An individual who is considerably informed, experienced, or skilled in a particular domain or system.

Product Misuse

Incorrect or unintended use of a product that can lead to harm or damage.