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

---

Definitions:

ANAD

National Association of Anorexia Nervosa and Associated Disorders, an American nonprofit organization dedicated to the prevention and relief of eating disorders.

Sexual Addiction

A compulsive, repetitive behavior where an individual engages in sexual activities as a way to manage stress or emotional distress, often leading to negative consequences.

Anonymity

The state of being anonymous, where an individual's identity is not known or disclosed.

Sexual Addicts

Individuals who experience an overwhelming or compulsive sexual behavior that negatively impacts their personal, professional, and social lives.