Financial Statements for Maraby Corporation Appear Below: Maraby

question 57

Multiple Choice

Financial statements for Maraby Corporation appear below: Maraby Corporation's accounts receivable turnover for Year 2 was closest to:

• A)13.5
• B)7.8
• C)11.2
• D)9.4

---

Definitions:

Automatic Transfer

A banking service that automatically moves funds from one account to another at scheduled times or under specific conditions.

Adjusted Cash Balance

The cash amount shown on a company's books after adjustments have been made for checks outstanding, deposits in transit, and other discrepancies.

Check Register

A record kept by an individual or institution to track checks written, deposits made, and the current balance of a checking account.

Bank Statement

A document issued by a bank detailing transactions, balances, and other financial information for a specific account over a period.