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Excerpts from Huckabee Company's December 31, 2021 and 2020, financial statements are presented below: ...

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Accounting

Excerpts from Huckabee Company's December 31, 2021 and 2020, financial statements are presented below:

2021 2020
Accounts receivable $ 93,000 $ 85,000
Merchandise inventory 71,000 85,000
Net sales 413,000 385,000
Cost of goods sold 253,000 233,000

Huckabee's 2021 receivables turnover (rounded to 2 decimal places) is:

Multiple Choice

  • 4.44.

  • 4.64.

  • 2.84.

  • 3.24.

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