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:

Thigh

The part of the human leg between the hip and the knee.

Pelvis

The lower part of the torso, enclosed by the pelvic bones and containing the reproductive organs and part of the digestive tract.

Superior Vena Cava

Large but short vein that carries deoxygenated blood from the upper half of the body to the heart’s right atrium.

Inferior Vena Cava

A large vein that carries deoxygenated blood from the lower and middle body into the heart's right atrium.