Which of the Following Statements Is/are True Regarding the Receivables

question 105

Multiple Choice

Which of the following statements is/are true regarding the receivables turnover ratio?

• A) It is used to assess receivables' liquidity.
• B) It measures the number of times, on average, that receivables are collected during the period.
• C) It is calculated by dividing average sales by gross receivables outstanding during the year.
• D) Both A and B are correct.

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Definitions:

Weight Gain

The increase in body weight over a period of time, which can result from various factors including an excess of caloric intake over expenditure.

Cognitive Changes

Alterations in mental processes such as memory, attention, and the ability to learn, often due to aging, neurological diseases, or psychological disorders.

Abstractly

Thinking in a way that is not concrete or related to specific instances, often involving conceptual or theoretical ideas.

Hypothetical Problems

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