A Company Has an Account Receivable Turnover Ratio of 6

question 60

Multiple Choice

A company has an account receivable turnover ratio of 6. The average accounts receivable during the period are $350,000. What is the amount of net sales for the period?

• A) $350,000
• B) $2,100,000
• C) $58,333
• D) Cannot be determined from the information given.

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Definitions:

Antigens

Substances that the body recognizes as foreign and that can elicit an immune response.

Pathogens

Microorganisms or agents, such as bacteria, viruses, fungi, or parasites, that cause disease.

Sympathetic Nervous System

The branch of the autonomic nervous system that is most active during processes that spend body energy from stored reserves, such as in a fight-or-flight reaction to a predator or when you are anxious about a big test.

Adrenal Medulla

The inner part of the adrenal gland that produces adrenaline and noradrenaline, hormones involved in the body's fight-or-flight response.