The Accounts Receivable Turnover Ratio Is Computed by Dividing Net

question 109

True/False

The accounts receivable turnover ratio is computed by dividing net credit sales by ending net accounts receivable.

---

Definitions:

Modification

The act of changing or altering something in order to improve it or to fit a specific requirement.

Stored Memories

Information or experiences that have been retained in the brain and can be recalled later.

Long-Term Memory

The component of memory responsible for the long-term storage of information, lasting anywhere from hours to an entire lifetime.

Sleep

A periodic, natural loss of consciousness—as distinct from unconsciousness resulting from a coma, general anesthesia, or hibernation. Adapted from Dement, 1999.