The Table Here Shows the Total Billable Hours for 18

question 68

Multiple Choice

The table here shows the total billable hours for 18 audit teams at Winston-Salem Accounting Associates.Use 8, 9, 10, 11, 12, and 13 as your stems and a "leaf unit" of 10,000 to produce a stem-and-leaf diagram for the data. One row in your diagram would be:

• A)10 l 7 8 2 3 6
• B)11 l 2 2 6 6 1 6
• C)12 l 8 4 5
• D)10 l 7 7 2 4 6
• E)10 l 7 7 2 5 6

---

Definitions:

Average Collection Period

How long, on average, it takes for a business to get paid by its customers.

Days' Sales In Inventory

A financial measure indicating the average time in days that a company takes to turn its inventory into sales.

Total Current Assets

The sum of all assets that are expected to be converted into cash, sold, or consumed within one year or during the normal operation cycle of the business, whichever is longer.

Receivable Turnover

A financial ratio that measures how efficiently a company collects on its outstanding accounts receivable.