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

question 49

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:

Temporal Summation

The summing of several postsynaptic potentials produced when a single presynaptic neuron fires multiple times

Spatial Summation

The process by which multiple synaptic potentials combine within one postsynaptic neuron, potentially leading to an action potential.

Membrane Potential

Membrane potential is the electrical potential difference across a cell's plasma membrane, critical for transmission of nerve impulses and muscle contractions.

Oligodendrocyte

A type of glial cell that forms myelin sheaths around neurons in the CNS.