A Company Has Net Sales of $870,000 and Average Accounts

question 26

Multiple Choice

A company has net sales of $870,000 and average accounts receivable of $174,000.What is its accounts receivable turnover for the period?

• A)0.2
• B)5.0
• C)20.0
• D)73.0
• E)1,825.0

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Definitions:

Part Time

Employment or engagement in activities for less than the full amount of time typically considered normal or standard.

Grandparent Relationships

The connection and emotional bond between a grandparent and grandchild, which can significantly impact the child's development and well-being.

Older Adults

Individuals who are in the later stages of life, often defined as those aged 65 and above, experiencing various physiological, cognitive, and social changes.

Social Support

The assistance and comfort received from friends, family, and the wider community, which can have positive effects on health and well-being.