It Takes K's Boutique an Average of 53 Days to Sell

question 61

Multiple Choice

It takes K's Boutique an average of 53 days to sell its inventory and an average of 16.8 days to collect its accounts receivable.The firm has sales of $942,300 and costs of goods sold of $692,800.What is the accounts receivable turnover rate? Assume a 365-day year.

• A)23.69
• B)11.41
• C)21.73
• D)24.23
• E)19.55

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Definitions:

Static Double

A static member variable in a class with a double data type that remains constant and is shared across all instances of the class in Java.

Accompanying Figure

A visual representation or diagram provided to aid understanding of a concept or data.

Divide-And-Conquer

An algorithm design paradigm based on recursively breaking down a problem into two or more sub-problems of the same or related type until these become simple enough to be solved directly.

Design Approach

A design approach refers to the strategy or methodology applied during the problem-solving and planning phase of developing software, systems, or products, focusing on meeting specific goals and requirements.