A Company Had an Accounts Receivable Turnover Ratio of 12

question 103

Multiple Choice

A company had an accounts receivable turnover ratio of 12 and net sales of $744,000 for a given period.What was the average amount of accounts receivables for this period?

• A)$8,928,000
• B)$62,000
• C)$4,380
• D)$169.86
• E)Average accounts receivable cannot be determined from this information.

---

Definitions:

Lactose Intolerance

A gastrointestinal condition where an individual is unable to digest lactose, a sugar found in milk and dairy products, leading to symptoms like bloating, gas, and diarrhea.

Myopia

A common vision condition also known as nearsightedness, where distant objects appear blurry while close ones are clear.

Recessive Traits

Characteristics in genetics not expressed unless an individual inherits two copies of a gene, one from each parent.

Protanopia

A type of color blindness where there is a deficiency in red cone cells, making it hard to distinguish red from green.