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:

Marianismo

A cultural belief in Latin American societies that women should be pure, self-sacrificing, and spiritually superior to men.

Virginity

The state of never having engaged in sexual intercourse.

Self-Sacrificing

The act of giving up one’s own interests, desires, or well-being for the benefit of others or for a cause.

Native American

Indigenous peoples of the United States, including American Indians, Alaska Natives, and others, each with their own distinct cultures, languages, and histories.