Refer to the following selected financial information from Fennie's, LLC.

Compute the company's accounts receivable turnover for Year 2.

Transcribed Image Text:

Cash... Short-term investments. Accounts receivable, net.. Merchandise inventory.. Prepaid expenses.. Plant assets. Accounts payable.. Net sales...... Cost of goods sold.. ..Year 2.. $ 38,200...... ..97,000... ..89,000... .124,500.. .12,800. 391,500.. 109,900.. .714,500.. 393,500.. Year 1 $ 32,950 ..63,500 .83,000 128,500 ..10,400 341,500 .111.300 .679,500 378,500 Cash... Short-term investments. Accounts receivable, net.. Merchandise inventory.. Prepaid expenses.. Plant assets. Accounts payable.. Net sales...... Cost of goods sold.. ..Year 2.. $ 38,200...... ..97,000... ..89,000... .124,500.. .12,800. 391,500.. 109,900.. .714,500.. 393,500.. Year 1 $ 32,950 ..63,500 .83,000 128,500 ..10,400 341,500 .111.300 .679,500 378,500

Answer rating: 100% (QA)

Accounts receivable net 89000 ... View the full answer