Peartree Company Provides the Following Data Additional Information:
• Net Sales (All on Account): $240 000

question 20

Multiple Choice

Peartree Company provides the following data: $$\begin{array} { | l | r | r | } \hline \text { BALANCE SHEET } & 31 \text { Dec } 2017 & 31 \text { Dec } 2016 \\\hline \text { Cash } & \$ 21000 & \$ 18000 \\\hline \text { Accounts receivable, net } & 31000 & 35000 \\\hline \text { Inventory } & 53000 & 25000 \\\hline \text { PP\&E, net } & 120000 & 90000 \\\hline \text { Total assets } & \$ 225000 & \$ 168000 \\\hline\end{array}$$ Additional information:
• Net sales (all on account) : $240 000
• Cost of sales: $110 000
How much is the accounts receivable turnover for 2017?

• A)7.07
• B)1.55
• C)7.27
• D)0.76

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Definitions:

Insanity Defense Rules

Legal doctrines that allow defendants to claim they are not responsible for their actions due to psychiatric disorders at the time of the crime.

Insanity Defense

A legal defense presented in court where a defendant claims they were not responsible for their actions due to episodic or persistent psychiatric disease at the time of the criminal act.

Incompetence To Stand Trial

A legal determination that an individual is mentally unfit to participate in the legal proceedings of their trial due to mental illness or incapacity.

Competence Judgments

Evaluations made about a person's ability or skills in a particular area or task.