Powers Company Reported Net Sales of $1,200,000 and Average Accounts

question 122

Multiple Choice

Powers Company reported Net sales of $1,200,000 and average Accounts Receivable,net of $78,500.The accounts receivable turnover ratio is:

• A)0.65 times.
• B)14.3 times.
• C)28.6 times.
• D)15.3 times.
• E)16.3 times.

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Definitions:

Cellulose

A complex carbohydrate that forms the primary structural component of plant cell walls and is incapable of being digested by humans.

Carbohydrate

Organic compounds consisting of carbon, hydrogen, and oxygen, usually in a ratio of 1:2:1, serving as a major energy source for the body.

Sucrose

A disaccharide composed of glucose and fructose, commonly known as table sugar.

Ribose

A five-carbon sugar that is a key component of RNA (ribonucleic acid) and essential for various biological processes.