The Accounts Receivable Turnover Is Calculated By

question 135

Multiple Choice

The accounts receivable turnover is calculated by:

• A) Dividing net sales by average accounts receivable.
• B) Dividing net sales by average accounts receivable and multiplying by 365.
• C) Dividing average accounts receivable by net sales.
• D) Dividing average accounts receivable by net sales and multiplying by 365.
• E) Dividing net income by average accounts receivable.

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Definitions:

Multinational Companies

Corporations that operate and have assets and facilities in several countries outside of their headquarters' home country, participating in global trade and economy.

Local Companies

Businesses that operate within a specific regional or community area, often catering to the local population.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with certain duties and responsibilities.

Voting Rights

The rights of citizens to vote on political matters or in elections to choose public officials.