The Following Information Is Available for Oakland Company The Accounts Receivable Turnover Ratio for 2020 Is
A) 1

question 152

Multiple Choice

The following information is available for Oakland Company: $\begin{array}{lrr}&2020&2019\\\text { Accounts receivable } & \$ 430,000 & \$ 460,000 \\\text { Inventory } & 280,000 & 320,000 \\\text { Net credit sales } & 2,670,000 & 1,600,000 \\\text { Cost of goods sold } & 1,860,000 & 1,060,000 \\\text { Net income } & 300,000 & 170,000\end{array}$ The accounts receivable turnover ratio for 2020 is

• A) 1.4 times.
• B) 6.2 times.
• C) 6.0 times.
• D) 5.8 times.

---

Definitions:

Homogeneous Catalyst

A catalyst that exists in the same phase (solid, liquid, or gas) as the reactants, facilitating the reaction uniformly throughout the mixture.

Heterogeneous Catalyst

A catalyst that exists in a different phase (solid, liquid, or gas) than the reactants in a chemical reaction, facilitating the reaction without undergoing permanent change.

Heterogeneous Catalysts

Catalysts that exist in a different phase than the reactants in a chemical reaction, facilitating the reaction without being consumed.

Chromatographically

Pertaining to chromatography, a method for separating components of a mixture based on differences in their movement through a stationary medium.