A Company Has the Following Data Available: What Is

question 1

Multiple Choice

A company has the following data available: What is the company's total stockholders' equity on December 31,2010?

• A)$32,000
• B)$46,000
• C)$49,000
• D)$101,000

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Definitions:

Accounts Receivable Turnover

This is a financial ratio that measures how effectively a company collects debts from its credit customers, indicating the number of times average accounts receivable are collected during a period.

Sales In Receivables

Accounts receivable that result from sales transactions, indicating the amount of money customers owe a company.

Decimal Place

A position of a number to the right of the decimal point, indicating fractions of a base unit.

Percentages

A mathematical concept that represents a number or ratio as a fraction of 100.