Espat Corp

question 141

Multiple Choice

Espat Corp.reported net sales all on credit) of $1,600,000 and cost of goods sold of $1,100,000 for 2015.Its beginning balance of Accounts Receivable was $150,000.The accounts receivable balance decreased by $10,000 during 2015.Rounded to two decimal places, what is Espat's accounts receivable turnover rate for 2015?

• A)7.59
• B)10.32
• C)10.67
• D)11.03

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Definitions:

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, typically measured to assess the heart's function and overall health.

Vertebral Arteries

Vertebral arteries are major arteries of the neck that supply blood to the brainstem, cerebellum, and posterior part of the brain.

Vasa Vasorum

Small blood vessels that supply the walls of larger blood vessels, providing nutrients and oxygen to the outer layers of thick-walled blood vessels.

Artery Wall

The layer of tissue that forms the outer structure of an artery, made up of smooth muscle cells, connective tissue, and elastic fibers to withstand blood pressure.