The Following Information Is Available for Compton Company The Receivables Turnover Ratio for 2013 Is
A)1

question 95

Multiple Choice

The following information is available for Compton Company: $\begin{array}{lrr}&2013&2012\\\text { Accounts receivable } & \$ 460,000 & \$ 500,000 \\\text { Inventory } & 280,000 & 320,000 \\\text { Net credit sales } & 2,470,000 & 1,400,000 \\\text { Cost of goods sold } & 1,860,000 & 1,060,000 \\\text { Net income } & 300,000 & 170,000\end{array}$ The receivables turnover ratio for 2013 is

• A)1.6 times.
• B)5.4 times.
• C)5.1 times.
• D)3.9 times.

---

Definitions:

Causal Agent

A factor that directly influences the occurrence of a disease or condition, such as bacteria or viruses in infections.

Autoimmune Factor

Involves the body's immune system attacking its own cells, tissues, or organs, leading to various diseases and conditions.

"The Clap"

A slang term for gonorrhea, a sexually transmitted infection caused by the bacterium Neisseria gonorrhoeae.

Gonorrhea

A sexually transmitted infection caused by the bacteria Neisseria gonorrhoeae, characterized by painful urination and abnormal discharge.