A Company Has Net Sales of $1,200,000 and Average Accounts

question 92

Multiple Choice

A company has net sales of $1,200,000 and average accounts receivable of $400,000.What is its accounts receivable turnover for the period?

• A)0.33
• B)5.00
• C)20.0
• D)73.0
• E)3.0

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Definitions:

Transistor

A three-terminal semiconductor used to switch and amplify electronic circuits.

Base

A substance that is characterized by its ability to accept protons or donate electron pairs in chemical reactions.

Terminals

The end points of an electrical device or a cable where connections are made to enable the flow of electrical current.

Diode

A semiconductor device that allows current to flow in one direction only, used in electronics for rectification and signaling.