Millward Corporation's Books Disclosed the Following Information for the Year

question 1

Multiple Choice

Millward Corporation's books disclosed the following information for the year ended December 31, 2011:

Millward's accounts receivable turnover is

• A) 3.75 times.
• B) 4.35 times.
• C) 5.00 times.
• D) 5.80 times.

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Definitions:

Premiums

A designated amount of money paid at regular intervals by an individual or entity for a policy or service, especially in the context of insurance.

Medico-legal Deaths

Pertains to deaths that are investigated by legal authorities to determine the cause and manner, especially when they are unexpected, suspicious, or involve unexplained circumstances.

Autopsy

A pathologist’s medical examination of the organs of the dead body to determine the cause of death.

Practical Experience

Hands-on or direct involvement in activities or work, gaining knowledge and skills through doing rather than theoretical learning.