Accounts Receivable Turnover Is Calculated By

question 117

Multiple Choice

Accounts receivable turnover is calculated by:

• A)Dividing net income by average accounts receivable.
• B)Dividing average accounts receivable by net sales and multiplying by 365.
• C)Dividing net sales by average accounts receivable.
• D)Dividing net sales by average accounts receivable and multiplying by 365.
• E)Dividing average accounts receivable by net sales.

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Definitions:

Condition

A particular state of existence or a circumstance affecting the functioning of something or someone's health.

Excludes 1

A term used in coding and classification systems to indicate that conditions listed are not included within the section or code.

ICD-10-CM General Note

Guidelines and notes associated with the International Classification of Diseases, 10th Revision, Clinical Modification, used for coding and classifying morbidity data.

Mutually Exclusive Codes

Codes in a classification system that categorize information so that each item is assigned to only one category that does not overlap with others.