StJohn's Inc

question 61

Multiple Choice

St.John's Inc.reported accounts receivable on January 1, 2013, of $500,000 and on December 31, 2013, of $550,000.Sales for the year were $4,000,000.What is their accounts receivable turnover ratio for the year?

• A)7 times
• B)7.3 times
• C)7.6 times
• D)8.0 times

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Definitions:

Relative Frequency Histogram

A type of histogram in which each bar represents the proportion or percentage of data points that fall into each of a series of specified classes.

Relative Class Frequency

The fraction or percentage of data points that belong to a specific category or class in relation to the total dataset.

Relative Frequencies

The proportion of times a particular value occurs in a dataset relative to the total number of occurrences.

Bar Charts

Graphical representations of data using bars of different heights or lengths to illustrate comparisons among categories.