A Company Has Net Sales of $1,200,000 and Average Accounts

question 80

Multiple Choice

A company has net sales of $1,200,000 and average accounts receivable of $400,000.What is its accounts receivable turnover for the period?

• A)0.20
• B)5.00
• C)20.0
• D)73.0
• E)3.0

---

Definitions:

Federal Rules

The regulations established by federal authorities that govern legal procedures, evidence, and the administration of justice in federal courts.

Trial Judge

A judge who presides over court trials, making decisions on matters of law and overseeing the proceedings.

Jury

A group of citizens selected to decide the outcome of a trial based on evidence presented to them in court.

Verdict

A formal decision made by a jury.