Powers Company Reported Net Sales of $1,200,000 and Average Accounts

question 122

Multiple Choice

Powers Company reported Net sales of $1,200,000 and average Accounts Receivable,net of $78,500.The accounts receivable turnover ratio is:

• A)0.65 times.
• B)14.3 times.
• C)28.6 times.
• D)15.3 times.
• E)16.3 times.

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Definitions:

Concept Of Ethnicity

The idea that groups of people have distinct cultural identities, defined by language, religion, customs, traditions, and heritage, differentiating them from other groups.

Situational

Relating to or depending upon a particular set of circumstances or context, often implying that outcomes can vary based on environmental factors.

Relative Economic Success

The economic status of an entity judged in comparison with others, often measured in terms of growth, income, and stability.

Jews And Koreans

Two distinct ethnic groups with their own unique historical backgrounds, cultures, and religious beliefs, Jews being historically linked to Judaism and Koreans to the Korean Peninsula.