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Nu Plastics Has Accounts Receivable of $6,400, Inventory of $11,600

Question 208

Multiple Choice

Nu Plastics has accounts receivable of $6,400, inventory of $11,600, cash of $1,300, accounts payable of $8,800, sales of $117,600, and cost of goods sold of $89,300. What is the net working capital turnover rate?


A) 6.09
B) 7.21
C) 7.60
D) 10.87
E) 11.20

Correct Answer:

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