Peartree Company Provides the Following Data Additional Information:
• Net Sales (All on Account): $240 000

question 111

Multiple Choice

Peartree Company provides the following data:
$$\begin{array} { | l | r | r | } \hline \text { BALANCE SHEET } & 31 \text { Dec } 2017 & 31 \text { Dec } 2016 \\\hline \text { Cash } & \$ 21000 & \$ 18000 \\\hline \text { Accounts receivable, net } & 31000 & 35000 \\\hline \text { Inventory } & 53000 & 25000 \\\hline \text { PP\&E, net } & 120000 & 90000 \\\hline \text { Total assets } & \$ 225000 & \$ 168000 \\\hline\end{array}$$
Additional information:
• Net sales (all on account) : $240 000
• Cost of sales: $110 000
How much is the accounts receivable turnover for 2017?

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

Understand basic financial arithmetic involving percentages and calculating proportions.

Comprehend principles related to leasing, renting, and homeownership, including understanding lease agreements.

Grasp the financial parameters involved in real estate investment, including equity, mortgage mechanics, and interest calculations.

Understand the importance and function of insurance and tax payments in homeownership.

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Definitions:

Longevity

The length or duration of a person's life, often associated with factors that contribute to a long and healthy life.

Nonexistent

Indicates something that does not exist or is not present in any form or context.

Blood Pressure Increase

A rise in the force exerted by circulating blood on the walls of blood vessels, often indicating hypertension or other health conditions.

Emotion-Focused Coping

A strategy to manage stress by addressing and modulating one's emotional response to a problem rather than confronting the problem itself.