A Company Has Net Sales of $900,000 and Average Accounts

question 110

Multiple Choice

A company has net sales of $900,000 and average accounts receivable of $300,000. What is its accounts receivable turnover for the period?

• A) 0.20.
• B) 5.00
• C) 20.0
• D) 73.0
• E) 3.0

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Definitions:

Axon

The part of the neuron that carries information away from the cell body toward other cells.

Neuron

A distinct type of cell responsible for conveying nerve signals; commonly known as a neuron.

Cell Body

The part of the neuron that contains the nucleus, which directs the manufacture of substances that the neuron needs for growth and maintenance.

Fat Cells

Specialized cells in the body that store energy in the form of fat and play a key role in regulating metabolism.