Pepperdine Reported Net Sales of $8,600 Million, Net Income of $126

question 38

Multiple Choice

Pepperdine reported net sales of $8,600 million, net income of $126 million and average accounts receivable of $890 million. Its accounts receivable turnover is:

• A) 7.1.
• B) 9.7.
• C) 68.3.
• D) 51.7.
• E) 37.8.

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Definitions:

Health Magazine

A publication focused on health, wellness, nutrition, fitness, and lifestyle issues and trends.

Reminder-Oriented

Characteristics of a system or tool designed to prompt or alert users about specific tasks, deadlines, or important events.

Usefulness

The state or quality of being useful, beneficial, or serving a purpose effectively.

Advertising

The practice of promoting products, services, or brands through various forms of media to attract potential customers and increase sales.