Consider the Following Information What Is the Accounts Receivable Turnover?
A)1)20
B)2)92
C)11

question 64

Multiple Choice

Consider the following information: $\begin{array}{ll}\text { Cash sales } & \$ 59,000 \\\text { Credit sales } & 510,000 \\\text { Beginning Cash } & 18,000 \\\text { Ending Cash } & 11,500 \\\text { Beginning Retained Earnings } & 32,300 \\\text { Ending Retained Earnings } & 41,700 \\\text { Beginning Accounts Receivable } & 40,000 \\\text { Ending Accounts Receivable } & 50,000 \\\text { Net Income } & 64,000\end{array}$
What is the accounts receivable turnover?

• A)1)20
• B)2)92
• C)11.33
• D)12.64
• E)13.78

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Definitions:

Chemical Communication Systems

The transfer of information among organisms through the release and reception of chemical signals.

Blood

A vital fluid in humans and animals that delivers necessary substances such as nutrients and oxygen to cells and transports metabolic waste products away.

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One of the four humors in ancient and medieval medicine, believed to be associated with melancholy when present in excess.

Endocrine System

A network of glands and organs that produce, store, and secrete hormones into the bloodstream to regulate the body's metabolism, growth, and development.