If a Company Has an Accounts Receivable Turnover Ratio of 15

question 11

Multiple Choice

If a company has an accounts receivable turnover ratio of 15, the company:

• A) is converting its accounts receivable to cash 15 times per year.
• B) is selling its inventory on 15 days credit terms.
• C) is converting its inventory to accounts receivable in 15 days of production.
• D) collects it receivables 15 times per year.

---

Definitions:

Civil Rights Act of 1991

A landmark United States labor law that strengthened the rights of employees regarding workplace discrimination, making it easier to bring discrimination lawsuits and obtain jury trials and damages.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that can affect an individual's employment, interfere with an individual's work performance, or create a hostile or offensive work environment.

Appropriate Authority

An individual or body that holds the necessary power or permission within a specific context to make decisions, enforce rules, or grant approvals.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature, often occurring in the workplace or academic settings.