A Company Had an Accounts Receivable Turnover Ratio of 12

question 103

Multiple Choice

A company had an accounts receivable turnover ratio of 12 and net sales of $744,000 for a given period.What was the average amount of accounts receivables for this period?

• A)$8,928,000
• B)$62,000
• C)$4,380
• D)$169.86
• E)Average accounts receivable cannot be determined from this information.

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Definitions:

Trademarks

Symbols, names, phrases, or logos legally registered or established by use as representing a company or product, offering protection against unauthorized use.

Unauthorized Use

The utilization of resources, information, or property without permission, which can result in legal or security issues.

Infringements

Violations or breaches of laws, rules, agreements, or patents.

Trade Names

Names under which businesses operate and are known to the public, distinct from their legal names.