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

question 119

Multiple Choice

The following balance sheet information was provided by O'Connor Company: Assuming that net credit sales for Year 2 totaled $270,000, what is the company's most recent accounts receivable turnover?
$$\begin{array} { | l | r r | r r | } \hline \text { Assets } & & 2014 & 2013 \\\hline \text { Cash } & \$ & 4,000 & \$ & 2,000 \\\hline \text { Accounts receivable } & & 15,000 & & 12,000 \\\hline \text { Inventory } & \$ & 35,000 & \$ 38,000 \\\hline\end{array}$$

• A)18 times
• B)20 times
• C)22.5 times
• D)7.7 times

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Definitions:

Transfer Device

Equipment designed to aid in moving patients from one location or position to another, enhancing mobility and safety.

Moderate-Intensity Physical Activity

Exercise that increases the heart rate to 50-70% of its maximum, noticeably accelerating the heartbeat but still allowing for conversation.

Older Adults

Individuals typically defined as being in a later stage of life, often considered to be ages 65 and above, with specific social, health, and economic considerations.

Chest Tubes

Flexible tubes inserted through the chest wall to remove air, fluids, or pus from the pleural space, typically to treat conditions like pneumothorax or pleural effusion.