The Rye Corporation Has Provided the Following Information

question 18

Multiple Choice

The Rye Corporation has provided the following information:
Total sales were $1,200,000.
Beginning net accounts receivable was $45,000.
Ending net accounts receivable was $65,000.
Sales returns and allowances totaled $100,000.
What was Rye's receivable turnover ratio?

• A)21.8
• B)18.5
• C)10.0
• D)20.0

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Definitions:

Dysmenorrhea

Painful menstrual cramps that occur just before or during menstruation.

Cervicitis

Inflammation of the cervix, often caused by infection, which can lead to redness, swelling, and unusual discharge.

Cervical Cancer

A malignant tumor of the cervix, the lowermost part of the uterus, often associated with human papillomavirus (HPV) infection.

Genitals

The reproductive organs, especially those external to the body, such as the penis and vulva.