Martin Sales Provides the Following Information: Net Credit Sales: $750,000

question 46

Multiple Choice

Martin Sales provides the following information: Net credit sales: $750,000
Beginning net accounts receivable: $40,000
Ending net accounts receivable: $20,000
Calculate the accounts receivable turnover ratio. (Round to the nearest whole number.)

• A)24 times
• B)25 times
• C)27 times
• D)22 times

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Definitions:

Inherited Ability

Inherited ability refers to traits and skills that are passed down genetically from parents to offspring, influencing aspects like intelligence, physical abilities, and predispositions to certain talents or conditions.

Many Generations

The term refers to multiple successive generations within families or societies.

Darwin's Principles

Fundamental concepts proposed by Charles Darwin, including natural selection and survival of the fittest, explaining the evolution of species.

Evolution

The procedure through which diverse living entities are presumed to have originated and varied from previous types over the course of the earth's existence.