A Company Had Net Sales of $23,000, and Its Average

question 80

True/False

A Company had net sales of $23,000, and its average account receivables were $5,700. Its accounts receivable turnover is 0.24.

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Definitions:

Excel Options Dialog Box

A component in Microsoft Excel that allows users to customize their workbook settings and features.

Customize Ribbon

The process of adding, removing, or rearranging tabs, groups, and commands on the ribbon in office applications to personalize the user interface.

Power Pivot Window

A feature in Microsoft Excel that offers advanced data modeling capabilities, allowing users to create complex data models, perform powerful data analysis, and create large-scale pivot tables.

Data Tools Button

A feature or button in software applications that provides access to data manipulation and analysis tools.