Use the Following Information for Questions

question 55

Multiple Choice

Use the following information for questions
The financial statements of Andreo Manufacturing Inc.report credit sales of $600,000 and accounts receivable of $60,000 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)12.0 times
• D)22.5 times

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Definitions:

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Regular evaluation or examination of a procedure, process, or health status to ensure normal operation or condition.

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