The Number of Days It Takes to Collect the Average

question 99

Multiple Choice

The number of days it takes to collect the average amount of receivables is called the:

• A)receivables turnover ratio.
• B)days' sales in receivables.
• C)collection ratio.
• D)current ratio.

---

Definitions:

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, radically changing society with advancements in technology and manufacturing.

Workplace Injuries

Injuries or illnesses that occur in relation to an individual's job, often leading to absenteeism, reduced productivity, or disability.

Historical Event

A significant occurrence or happening in the past that has had a profound impact on human societies or the environment.

Smoking Cessation

The process of discontinuing tobacco smoking, which can reduce the risks of developing many health issues.