The 2012,2013 and 2014 Partial Balance Sheets for Ottoman Manufacturing

question 39

Multiple Choice

The 2012,2013 and 2014 partial balance sheets for Ottoman Manufacturing Company appear below.
Net credit sales for Ottoman were $126,000 for 2012,$120,000 for 2013 and $114,000 for 2014 while cost of goods sold was $84,000 for 2012,$82,400 for 2013 and $72,500 for 2014.
What is the accounts receivable turnover for 2013?

• A) 3.75 times
• B) 4.61 times
• C) 5.00 times
• D) 6.00 times

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Definitions:

Retrieval Set

A subset of brands or products that a consumer can readily bring to mind from memory when considering a purchase decision in a particular category.

Evoked Set

A group of relevant brands or products that a consumer recalls from memory when making a purchase decision.

Stages Of Memory

Refers to the steps through which information passes, typically including encoding, storage, and retrieval of information.

Purchase Process

The series of steps that a customer goes through when deciding to buy a product or service, from recognizing a need to post-purchase evaluation.