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The following balance sheet information was provided by Otto Company: Assets 2014 2013 Cash $ 2,800 $ 1,800 Accounts receivable 7,800 5,800 Inventory $ 28,000 $ 29,000 Assuming that net credit sales for the year 2014 totaled $153,000, what is the company's most recent accounts receivable turnover? (Round your final answer to 2 decimal places.) ? 19.62 times ? 22.50 times ? 11.25 times ? 26.38 times

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Financial Accounting, Accounting

Category:- Financial Accounting
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