2A2M MAYDALE INC.’S FINANCIAL STATEMENTS SHOW THE FOLLOWING INFORMATI...

53.

CSO: 2A2c

LOS: 2A2m

Maydale Inc.’s financial statements show the following information.

Accounts receivable, end of Year 1

$ 320,000

Credit sales for Year 2

3,600,000

Accounts receivable, end of Year 2

400,000

Maydale’s accounts receivable turnover ratio is

a.

0.10.

b.

9.00.

c.

10.00.

d.

11.25.