A Company Had Net Sales of $23,000, and Its Average

question 80

True/False

A Company had net sales of $23,000, and its average account receivables were $5,700. Its accounts receivable turnover is 0.24.

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Definitions:

Stomach

A digestive organ that breaks down food, mixing it with gastric juices to begin the digestion process.

Liver

A vital organ in the human body that performs essential functions like detoxification, protein synthesis, and production of biochemicals necessary for digestion.

Spleen

The spleen is an organ located under the ribcage and above the stomach in the left upper quadrant of the abdomen, involved in filtering blood, storing white blood cells, and destroying old red blood cells.

Brachiocephalic Vein

A large vein in the upper chest that forms from the union of the internal jugular and subclavian veins and carries blood to the heart.