The Accounts Receivable Turnover Ratio of a Merchandiser Is 9

question 21

Multiple Choice

The accounts receivable turnover ratio of a merchandiser is 9.8 times. Calculate the days' sales in receivables for the merchandiser. (Round to the nearest day.)

• A)33 days
• B)37 days
• C)28 days
• D)40 days

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Definitions:

Egocentric

A self-centered emotional and cognitive perspective that does not take into account the viewpoints of others.

Vantage Points

Specific positions from which something is viewed or considered, allowing for different perspectives and interpretations.

Empathy

The capability to understand and share the feelings of another individual from their perspective, fostering emotional connection and social harmony.

Affection

A gentle feeling of fondness or liking towards someone or something, often displayed through physical or verbal expressions.