If a Firm Has a Receivables Turnover of 12,on Average,which

question 86

Multiple Choice

If a firm has a receivables turnover of 12,on average,which of the following would be the firm's average collection period?

• A)12 months
• B)1 month
• C)8.67
• D)not enough information given

---

Definitions:

Odds

A measure of the likelihood of an event occurring, typically expressed as the ratio of the event to the non-event.

Primate Exhibit

A display or enclosure in zoos or museums designed to house primates in an environment that mimics their natural habitat as closely as possible.

Odds

The ratio of the probability of an event occurring to the probability of it not occurring.

Stay-At-Home Mothers

Women who choose to not participate in the labor force in order to stay home and take care of their children.