The Accounts Receivable Turnover Ratio for 2014 Is (Use Average

question 39

Multiple Choice

The accounts receivable turnover ratio for 2014 is (use average accounts receivable) :

• A) 2.88.
• B) 21.35.
• C) 15.43.
• D) 29.53.
• E) 34.58.

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Definitions:

Cash

Cash refers to money in the form of currency, including bills, coins, and money deposited in bank accounts that are available for use.

Business Transaction

An economic event or condition that directly changes an entity’s financial condition or directly affects its results of operations.

Journal

A detailed record where all financial transactions of a business are initially recorded in chronological order.

Laser Equipment

Tools or devices that use laser technology for various applications such as cutting, engraving, or medical surgery.