Refer to the Following Selected Financial Information from Marston Company

question 98

Multiple Choice

Refer to the following selected financial information from Marston Company. Compute the company's accounts receivable turnover for Year 2. $$\begin{array} { | l | r | r | } \hline & \text { Year 2 } & { \text { Year 1 } } \\\hline \text { Accounts receivable, net } & 86,500 & 82,750 \\\hline \text { Net sales } & 723,000 & 693,000 \\\hline\end{array}$$

• A) 8.36.
• B) 8.37.
• C) 4.78.
• D) 8.59.
• E) 8.54.

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Definitions:

Customer Contact Audit

A systematic examination of a company's points of interaction with its customers to ensure effective and positive engagement.

Interaction

The action or influence of things on each other.

Assurance

A positive declaration intended to give confidence; in business, it often refers to guarantees or warranties offered on products or services.

Service Quality

The degree to which a service meets the expectations of the customer, influencing customer satisfaction and loyalty.