Fargo, Inc Fargo's Receivables Turnover Is
A) 7

question 33

Multiple Choice

Fargo, Inc. disclosed the following information as of and for the year ended December 31, 2015: $$\begin{array} { l r } \text { Net cash sales } & 600,000 \\\text { Net credit sales } & 960,000 \\\text { Inventory at beginning } & 100,000 \\\text { Inventory at end } & 150,000 \\\text { Net income } & 30,000 \\\text { Accounts receivable at beginning of year } & 110,000 \\\text { Accounts receivable at end of year } & 130,000\end{array}$$ Fargo's receivables turnover is

• A) 7.4 to 1.
• B) 8.0 to 1.
• C) 12.0 to 1.
• D) 13.0 to 1.

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Definitions:

Prefrontal Cortex

The part of the brain located at the front of the frontal lobe, involved in complex behaviors such as planning, decision making, and moderating social behavior.

Hippocampus

A major component of the brain in humans and other vertebrates, playing critical roles in the consolidation of information from short-term to long-term memory and in spatial memory that enables navigation.

Corpus Callosum

A thick band of nerve fibers that divides the cerebral cortex lobes into left and right hemispheres, facilitating communication between the two sides of the brain.

Thalamus

A structure in the brain that acts as a relay station for transmitting sensory and motor signals to the cerebral cortex.