Table 18-8 Peartree Company Provides the Following Data

question 120

Multiple Choice

Table 18-8
Peartree Company provides the following data:
Peartree Company
Balance Sheet
December 31,2017 Peartree Company
Income Statement
For the Year Ended December 31, 2017 * Sales revenue is all on account
-Refer to Table 18-8.What is the accounts receivable turnover for 2017?

• A) 7.27 times
• B) 0.76 times
• C) 1.55 times
• D) 7.07 times

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Definitions:

Request For Proposals

A document issued by a business or organization inviting suppliers to submit a proposal on a specific product or service.

Eat Right Group

An initiative or organization focused on promoting healthy eating habits and nutritional awareness among the public.

Organic Flour

Flour that is produced from grains that have been grown without the use of synthetic pesticides, herbicides, or fertilizers, adhering to organic farming standards.

Request For Proposals

A document issued by a company soliciting proposals from potential vendors for a project or service, outlining project requirements and evaluation criteria.