A Company with an Accounts Receivable Turnover of Four Means

question 76

Short Answer

A company with an accounts receivable turnover of four means that the company collects its receivables approximately every __________ days.

---

Definitions:

Paid

Refers to the status of a financial obligation that has been fulfilled or settled.

Constant Annual Dividend

This refers to dividends that are paid out to shareholders at a constant rate each year, without fluctuation.

Market Price

The rate at which services or assets are being marketed currently.

Cumulative Voting

Cumulative voting is a voting system that allows shareholders to allocate their votes for the board of directors in a manner they prefer, often used to strengthen the voting power of minority shareholders.