-According to the Above Table

question 111

Multiple Choice

$\begin{array}{llcc} \text { Net sales reverue } &\$345,000 \\ \text {Cost of goods sold } &\$205,000\\ \text { Average accourts receivable } &\$32,500\\ \text { Average irventory } &\$9,450\\ \text { Average plart, property ard equipment } &\$81,250\\ \text { Average total assets } &\$130,000\\\end{array}$

-According to the above table.Calculate the company's accounts receivable turnover ratio for the current year?

• A)10.62
• B)4.0
• C)4.3
• D)6.31

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, distributing a portion of the company’s earnings to investors.

Common Stock

Represents ownership shares in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Liability

Any form of financial debt or obligation that an individual or company owes, which is recorded on the balance sheet.

Dividend Growth Model

A valuation method that forecasts the price of a stock by using predicted dividends and discounting them back to present value.