Your Company Has Net Sales of $468,300 and Average Trade

question 70

Multiple Choice

Your company has net sales of $468,300 and average trade receivables of $111,500 for the year.Which of the following is true?

• A)The receivables turnover ratio is 4.2 and the days-to-collect is 0.012.
• B)The receivables turnover ratio is.24 and the days-to-collect is 1,520.
• C)The receivables turnover ratio is 4.2 and the days-to-collect is 86.9.
• D)The receivables turnover ratio is.24 and the days-to-collect is 87.6.

---

Definitions:

Price Field

A specific field in databases or software applications designed to store monetary values representing the cost or price of items.

Subdatasheets

A feature in some database software that allows users to view and edit related data from a related table or query in a hierarchical format.

Employers Table

A structured arrangement of data related to employees in a database or spreadsheet, often including columns for name, position, salary, and other relevant information.

Default Value

A predefined value automatically assigned to a field or variable if no other value is specified by the user or process.