Grandview Grinding,Inc

question 182

Multiple Choice

Grandview Grinding,Inc.had net accounts receivable of $135,800 at the beginning of the year and $144,800 at the end of the year.If the company's net sales revenue during the year was $1,753,750,what is the receivables turnover ratio?

• A)12.5
• B)29.2
• C)0.08
• D)0.034

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Definitions:

Developed

Refers to countries or regions with advanced economic systems, typically characterized by high gross domestic product (GDP) and well-developed infrastructure.

Arbitrage Opportunity

The chance to buy an asset at a low price in one market and simultaneously sell it at a higher price in another market to profit from the price difference.

Risk-Free Rate

The estimated rate of profit from an investment void of risk, usually showcased by the return on government securities.

Expected Return

The projected average return on an investment, considering all possible outcomes weighted by their respective probabilities.