Use the Following Information to Answer Questions

question 75

Multiple Choice

Use the following information to answer questions
Green Thumb Garden Supplies reported the following information for 2015 and 2016.

-What is the receivables turnover ratio for 2016?

• A)2.7 times
• B)2.0 times
• C)3.2 times
• D)3.8 times

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Definitions:

Theory

A system of ideas intended to explain something, based on general principles independent of the thing being explained.

Competitive

The condition of the market in which businesses or sellers independently strive for consumers' patronage to gain a profit.

American Industry

Refers to the manufacturing and economic sectors that drive the United States’ economy, encompassing a wide range of goods and services.

Air Pollution

The presence of harmful substances in the air that can cause health issues for living organisms and damage the environment.