The Following Information Is from the Annual Financial Statements of Nancy

question 19

Multiple Choice

The following information is from the annual financial statements of Nancy Company.
-What is the accounts receivable turnover ratio for 2013?

• A)6.41
• B)4.97
• C)6.72
• D)5.40
• E)6.56

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Definitions:

Nationalization

The process by which a government takes control over a privately-owned company or industry.

Rule of Law

The principle that all members of a society, including those in government, are equally subject to publicly disclosed legal codes and processes.

Infrastructure

The basic physical and organizational infrastructure and services such as buildings, roads, and power facilities required for the functioning of a society or business.

Human Capital

The collective skills, knowledge, and other intangible assets of individuals that can be used to create economic value.