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:

Allergic Rhinitis

An allergic reaction causing inflammation of the nasal passages, characterized by sneezing, itching, and a runny nose.

Rhinorrhea

The medical term for a runny nose, a condition where excess nasal mucus is produced, often as a symptom of cold or allergies.

Turbinates

Long, narrow shelves of bone covered by soft tissue within the nasal cavity, helping to warm, moisturize, and filter the air breathed in through the nose.