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The Following Balance Sheet Information Was Provided by O'Connor Company

question 80

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The following balance sheet information was provided by O'Connor Company:  Assets  Year 2  Year 1 Cash $4,000$2,000 Accounts receivable 15,00012,000 Inventory $35,000$38,000\begin{array} { l r r } \text { Assets } & \text { Year 2 } & \text { Year } 1 \\\text { Cash } & \$ 4,000 & \$ 2,000 \\\text { Accounts receivable } &15,000 & 12,000\\\text { Inventory } & \$ 35,000 & \$ 38,000 \end{array} Assuming that net credit sales for Year 2 totaled $270,000,what is the company's most recent accounts receivable turnover?

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