The following balance sheet information was provided by Owen Company:
Assuming that net credit sales totaled $300,000 and cost of goods sold totaled $175,000,what is the company's most recent accounts receivable turnover? 
Definitions:
Loanable Funds
A term referring to all the money available for borrowing in the financial markets, from various sources including savings and investments.
Interest Rate
The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal, typically over a one-year period.
Investment
The act of spending money with the expectation of obtaining an additional income or profit, often involving financial investments, purchasing assets, or funding new business ventures.
Saving Incentives
Financial or regulatory measures designed to encourage individuals or businesses to save more money.
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