XYZ's Receivables Turnover Is 10x

question 21

Multiple Choice

XYZ's receivables turnover is 10x.The accounts receivable at year-end are $600,000.What was the sales figure for the year?

• A) $60,000
• B) $6,000,000
• C) $7,200,000
• D) $6,600,000

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Definitions:

Coaches

Professionals who support and guide individuals or teams to achieve specific personal or professional goals.

Internal Dimensions

Aspects of an organization or individual that are intrinsic and internal, affecting its operations, behaviors, and structures from within.

Marital Status

A legal or social recognition of a person's current state regarding marriage, such as single, married, divorced, or widowed.

Process-Oriented

An approach that focuses on the methods and procedures used to achieve goals, emphasizing the effectiveness of the process itself.