Given the Following Information, Compute Accounts Receivable Turnover A) 675
B) 7

question 44

Multiple Choice

Given the following information, compute accounts receivable turnover. $\begin{array}{|lr|ll|}\hline \text { Gross sales } & \$ 150,000 & \text { Accounts receivable, beginning of year } & \$ 18,000 \\\hline \text { Sales } & 135,000 & \text { Accounts receivable, end of year } & 22,000 \\\hline\end{array}$

• A) 6.75
• B) 7.50
• C) 6.13
• D) 6.82

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Definitions:

Wind

The movement of air from areas of high pressure to areas of low pressure, resulting in weather patterns and climatic changes on Earth.

Sand Deposition

The process by which sand is laid down or deposited by wind, water, or ice, often forming beaches, dunes, and other geological structures.

Turbidity Currents

Underwater density flows of sediment-laden water moving downslope, often triggered by earthquakes.

Deep Ocean

The part of the ocean extending beyond the continental shelf, characterized by great depths, low temperatures, high pressures, and complete darkness.