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

question 46

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Peartree Company provides the following data:
 BALANCE SHEET  Dec 31,2014  Dec 31,2013  Cash $21,000$18,000 Accounts receivable, net 31,00035,000 Inventory 53,00025,000 PP&E, net 120,00090,000 Total assets $225,000$168,000\begin{array} { | l | r | r | } \hline \text { BALANCE SHEET } & \text { Dec 31,2014 } & \text { Dec 31,2013 } \\\hline \text { Cash } & \$ 21,000 & \$ 18,000 \\\hline \text { Accounts receivable, net } & 31,000 & 35,000 \\\hline \text { Inventory } & 53,000 & 25,000 \\\hline \text { PP\&E, net } & 120,000 & 90,000 \\\hline \text { Total assets } & \$ 225,000 & \$ 168,000 \\\hline\end{array}
Additional information:
• Net sales (all on account) : $240,000
• Cost of goods sold: $110,000
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How much is the accounts receivable turnover for 2014?

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The molten or semi-molten natural material from which all igneous rocks are derived, located beneath the Earth's surface.

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A texture found in volcanic rocks, formed when hot volcanic ash and debris fuse together under pressure.

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