Use the Following Information for Questions

question 26

Multiple Choice

Use the following information for questions
The financial statements of Bolero Manufacturing Inc. report net credit sales of $900,000 and accounts receivable of $80,000 and $40,000 at the beginning of the year and end of the year, respectively.
-What is the receivables turnover ratio for Bolero?

• A)7.5 times
• B)11.25 times
• C)15.0 times
• D)22.5 times

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Definitions:

Biohazardous Waste Label

A label that identifies containers or bags holding waste contaminated with blood or other infectious materials.

Red Bags

Specially designated bags used in medical and healthcare settings for containing and disposing of biohazardous or infectious waste safely.

Blood Or Body Fluids

Liquids originating from inside the bodies of living organisms, essential for transporting nutrients, oxygen, and waste materials.

OSHA Violation

A breach of the rules set by the Occupational Safety and Health Administration, which can potentially lead to worker injuries or unsafe working conditions.