Parr Hardware Store Had Net Credit Sales of $5,200,000 and Cost

question 104

Multiple Choice

Parr Hardware Store had net credit sales of $5,200,000 and cost of goods sold of $4,000,000 for the year.The Accounts Receivable balances at the beginning and end of the year were $600,000 and $700,000, respectively.The accounts receivables turnover was

• A) 7.4 times.
• B) 8.7 times.
• C) 6.2 times.
• D) 8 times.

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Definitions:

Competitive Personalities

Personality traits that drive individuals to compete, often striving to outperform others in various situations.

Aggressive

Behaving or done in a forceful and hostile manner to dominate or intimidate another.

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A range of conditions that affect the heart, including blood vessel diseases, heart rhythm problems, and heart defects among others.

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Assistance provided by others in the form of empathy, love, or care to help manage or alleviate emotional distress.