Oratz Company's Accounts Receivable Turnover for 20 × 6 Was

question 208

Multiple Choice

Oratz Company's accounts receivable turnover for 20 × 6 was closest to:

• A) 6.3 times.
• B) 8.8 times.
• C) 9.1 times.
• D) 12.5 times.

---

Definitions:

Life Insurance

A contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

Insured

A person, company, or entity covered under an insurance policy to receive compensation for a specified loss or damage.

Premium

The amount paid for an insurance policy, reflecting the cost of coverage.

Beneficiary

An individual or entity entitled to receive benefits or assets from a will, trust, insurance policy, or other instruments.