The Financial Statements of Hudson Manufacturing Company Report Net Sales

question 64

Multiple Choice

The financial statements of Hudson Manufacturing Company report net sales of $500,000 and accounts receivable of $50,000 and $30,000 at the beginning and end of the year, respectively. What is the receivables turnover ratio for Hudson?

• A) 6.3 times
• B) 10 times
• C) 16.7 times
• D) 12.5 times

---

Definitions:

Socially Constructed

A concept or perception of an object or idea that exists because people agree to behave as if it exists or follow certain conventional rules.

Human Interpretation

The process by which individuals understand or make sense of information, symbols, language, and actions based on their cognitive and subjective frameworks.

Macrosociology

The analysis of large-scale social systems and structures, such as the economy, polity, and population.

Microsociology

The subfield of sociology that focuses on the interactions and social relations among individuals at a small-scale, everyday level.