Logan Sales Provides the Following Information: Net Credit Sales: $790,000

question 93

Multiple Choice

Logan Sales provides the following information: Net credit sales: $790,000
Beginning net accounts receivable: $43,000
Ending net accounts receivable: $22,000
Calculate the accounts receivable turnover ratio.(Round your answer to the nearest whole number.)

• A) 18 times
• B) 24 times
• C) 36 times
• D) 34 times

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Definitions:

French Explorations

The overseas exploration by France, particularly during the 16th and 17th centuries, primarily focused on North America and parts of the Caribbean and South America.

New World

A term used to describe the Western Hemisphere, particularly the Americas, discovered by European explorers during the Age of Discovery, contrasting with the Old World of Europe, Asia, and Africa.

Permanent European Settlement

The establishment of enduring communities in the Americas, Australia, and other parts of the world by European explorers and colonists starting in the late 15th century.

Southwest

A region in the United States generally considered to include Arizona, New Mexico, Texas, and parts of surrounding states, known for its desert landscape and cultural heritage.