-Calculate C Co's Receivables Turnover Ratio and the Days' Sales

question 70

Multiple Choice

-Calculate C Co's receivables turnover ratio and the days' sales in receivables for 20X2.

• A) 11.43 times and 31.9 days
• B) 11.02 times and 33.1 days
• C) 11.15 times and 32.7 days
• D) 3.47 times and 105.2 days

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Definitions:

Departmental Balance Sheets

Departmental Balance Sheets are financial statements that show the assets, liabilities, and equity of specific departments within a company, providing insight into their financial position.

Computer Supplies

Various items like paper, toners, disks, and other materials used with computers in an office or home setting.

Office Supplies

denotes consumable items like pens, paper, and printer ink that are used in an office setting for daily operations.

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from the revenue earned from sales.