Your Company Has Net Sales of $468,300 and Average Trade

question 20

Multiple Choice

Your company has net sales of $468,300 and average trade receivables of $111,500 for the year.Which of the following is true? (Round all calculations to one decimal place. )

• A)The receivables turnover ratio is 4.2 and the days-to-collect is 0.01.
• B)The receivables turnover ratio is .2 and the days-to-collect is 1,520.
• C)The receivables turnover ratio is 4.2 and the days-to-collect is 86.9.
• D)The receivables turnover ratio is .2 and the days-to-collect is 87.6.