Guttery Corporation Has Provided the Following Financial Data from Its

question 244

Multiple Choice

Guttery Corporation has provided the following financial data from its balance sheet:
Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000.
-The company's accounts receivable turnover for Year 2 is closest to:

• A) 12.95
• B) 1.02
• C) 0.98
• D) 13.06

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Definitions:

Standard Deviation

A statistical measure of the dispersion or variability of a set of values, indicating how much the values in a data set differ from the mean.

Well-diversified Portfolio

An investment strategy that spreads risk by allocating investments among various financial instruments, sectors, or other categories.

Variability of Returns

The extent of fluctuation in the returns on an investment over a certain period of time, often used as a measure of investment risk.

Business-specific Risk

This is the risk associated with the unique factors impacting a specific company or industry, excluding broader market or economic risks.