Based on the Following Data, What Is the Accounts Receivable

question 154

Multiple Choice

Based on the following data, what is the accounts receivable turnover?Sales on account during year$700,000Cost of goods sold during year270,000Accounts receivable, beginning of year45,000Accounts receivable, end of year35,000Inventory, beginning of year90,000Inventory, end of year110,000

• A) 17.5
• B) 2.6
• C) 20.0
• D) 15.5

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Definitions:

Heights

Measurements or distances from the base to the top of individuals or objects, often used in the context of recording physical stature.

Bimodal

Having two distinct peaks or modes in a distribution of data.

Grade 12

The final year of secondary school in many educational systems, often associated with preparing for college or university entry.

Ages

The length of time that a person or object has existed, typically measured in years.