If the Average Collection Period Is 45 Days, What Is

question 93

Multiple Choice

If the average collection period is 45 days, what is the receivables turnover?

• A)8.1 times
• B)12.0 times
• C)18.0 times
• D)20.0 times

---

Definitions:

Formal Operational

The stage of cognitive development proposed by Piaget where individuals gain the ability to think abstractly and reason logically.

Reversibility

A concept in cognitive development referring to the ability to follow a line of reasoning back to its original starting point.

Cognitive Ability

The capacity to perform various mental activities related to learning, thinking, reasoning, and problem-solving.

Jean Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development that describes how children construct a mental model of the world.