The Custom Kitchen Cabinets Store Had Net Credit Sales of

question 101

Multiple Choice

The Custom Kitchen Cabinets Store had net credit sales of $ 3,900,000 and cost of goods sold of $ 3,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $ 600,000 and $ 700,000, respectively. The receivables turnover ratio was

• A) 5.6 times.
• B) 6.5 times.
• C) 4.6 times.
• D) 6 times.

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Definitions:

Behind-The-Ear Hearing Aid

A type of hearing aid designed to fit behind the ear, amplifying sound for individuals with hearing impairments.

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A small metal or plastic clip used to hold hair in place, typically consisting of two flexible prongs with one prong being straight and the other one ridged.

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