The Treadwell Tire Company Had Net Accounts Receivable of $67,900

question 176

Multiple Choice

The Treadwell Tire Company had net accounts receivable of $67,900 at the beginning of the year and $72,400 at the end of the year.If the company's net sales revenue during the year was $876,875,what is the receivables turnover ratio?

• A) 12.5
• B) 29.2
• C) 0.08
• D) 0.034

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Definitions:

Chlorophyll

A green pigment found in the chloroplasts of plants and algae, responsible for the absorption of light to provide energy for photosynthesis.

Anthocyanins

Class of red water-soluble plant pigments.

Petiole

The stalk that attaches the leaf blade to the stem in vascular plants, enabling nutrient and water transport between the leaf and the rest of the plant.

Abscission Zone

The area at the base of the petiole where the leaf will break away from the stem. Also known as the abscission layer.