The following information in the table is available for Oakland Company. 20142013Accounts receivable $430,000 $460,000 Inventory$280,000$320, oooNet credit sales $2,670,000 $1,600,000Cost of goods sold$1,860,000 $1,060,000 Net income$300,000 $170,000 The accounts receivable turnover for 2014 is: . (a) 5.8 times . (b) 6.2 times (c) 6.0 times . (d) 1.4 times

The following information in the table is available for Oakland Company. 20142013Accounts receivable $430,000 $460,000 Inventory$280,000$320, oooNet credit sales $2,670,000 $1,600,000Cost of goods sold$1,860,000 $1,060,000 Net income$300,000 $170,000 The accounts receivable turnover for 2014 is: . (a) 5.8 times . (b) 6.2 times (c) 6.0 times . (d) 1.4 times

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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