Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries.The company has an effective tax rate of 35%.
Income Statement
For the year ended December 31,2011
Refer to the information for Orca Industries.Orca's accounts receivable turnover is (assume that Orca makes all sales on account)
A) 7.0
B) .53
C) 11.2
D) 10

Question

Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries.The company has an effective tax rate of 35%.
 Income Statement
For the year ended December 31,2011
 Refer to the information for Orca Industries.Orca's accounts receivable turnover is (assume that Orca makes all sales on account)
A) 7.0 
B) .53 
C) 11.2 
D) 10

Quizplus · Accepted Answer

The Answer is C

Orca Industries Below Are the Two Most Recent Balance Sheets