Based on the Following Data, What Is the Accounts Receivable

question 56

Multiple Choice

Based on the following data, what is the accounts receivable turnover? Sales on account during year
$700,000
Cost of merchandise sold during year
270,000
Accounts receivable, beginning of year
45,000
Accounts receivable, end of year
35,000
Inventory, beginning of year
90,000
Inventory, end of year

• A) 17.5 110,000
• B) 2.6
• C) 20.0
• D) 15.5

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Definitions:

Radioactive Elements

Elements that spontaneously emit radiation as a result of the decay of their atomic nuclei.

Nobel Prizes

A set of annual international awards bestowed in several categories by Swedish and Norwegian institutions in recognition of academic, cultural, or scientific advances.

Ionize

The process by which an atom or a molecule acquires a negative or positive charge by gaining or losing electrons.

Alpha Particles

A type of ionizing radiation consisting of two protons and two neutrons; they are a common form of particles emitted by radioactive materials.