Excerpts from Colter Corporation's Most Recent Balance Sheet Appear Below

question 44

Multiple Choice

Excerpts from Colter Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720. The accounts receivable turnover for Year 2 is closest to:

• A)1.10
• B)0.91
• C)11.52
• D)12.10