In 2011,Team Shirts Had an Average of $27,000 in Net

question 26

True/False

In 2011,Team Shirts had an average of $27,000 in net accounts receivables and sales were $89,100.Therefore,the accounts receivable turnover was 3.3.

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Definitions:

Photosynthesis

The process by which green plants, algae, and some bacteria convert light energy into chemical energy stored in glucose, using carbon dioxide and releasing oxygen.

Chemical Energy

A form of potential energy stored in chemical bonds between atoms and molecules, which can be released during chemical reactions.

Autotrophs

Organisms that produce their own food from inorganic substances using light or chemical energy, such as plants and some bacteria.

Pigment

Substances that give color to living organisms, such as chlorophyll in plants or melanin in human skin.