If the Average Collection Period Is 60 Days, What Is

question 153

Multiple Choice

If the average collection period is 60 days, what is the receivables turnover?

• A)6.0 times
• B)6.1 times
• C)12.2 times
• D)None of these

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Definitions:

Fluid

Fluid is a substance that can flow and take the shape of its container, encompassing liquids, gases, and plasmas.

Metric Tons

A unit of mass equal to 1,000 kilograms, or approximately 2,204.6 pounds, used worldwide in industrial and commercial applications.

Pounds

Pounds is a unit of weight commonly used in the United States and the British Commonwealth, equivalent to 0.453592 kilograms.

Chicken Stock

A flavorful liquid prepared by simmering chicken bones, vegetables, and herbs, used as a base for soups and sauces.