Smay Corporation Has Provided the Following Data The Accounts Receivable Turnover for This Year Is Closest To

question 274

Multiple Choice

Smay Corporation has provided the following data:
$\begin{array}{lll}&\text { This Year}&\text { Last Year }\\\text { Accounts receivable ....... } & \$ 107,000 & \$ 108,000 \\\text { Inventory ..................... } & \$ 179,000 & \$ 187,000 \\\text { Sales on account .......... } & \$ 654,000 & \\\text { Cost of goods sold.......... } & \$ 461,000 &\end{array}$ The accounts receivable turnover for this year is closest to:

• A) 1.01
• B) 0.99
• C) 6.08
• D) 6.11

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Definitions:

Haworth Structure

A way to represent cyclic sugars (monosaccharides) in a three-dimensional perspective formula that emphasizes the cyclic structure.

Methyl α-D-Xylofuranoside

A sugar derivative where a methyl group is attached to the anomeric carbon of α-D-xylofuranose.

α-D-Glucopyranose

An isomer of glucose that has the pyranose (six-membered ring) form with the hydroxyl group on the first carbon in the alpha configuration.

Sucrose

A disaccharide composed of glucose and fructose, commonly known as table sugar.