Exhibit 19-3
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 17

Multiple Choice

Exhibit 19-3
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)
You are provided with the following information for a company. $\begin{array}{llcc} \text { Net Annual Sales } &60000\\ \text { Average Receivables } &1200\\ \text { COGS } &35000\\ \text { Average Inventory } &3000\\ \text { Average Trade Payables } &1500\\\end{array}$

-Refer to Exhibit 19-3. Calculate the receivables turnover ratio.

• A) 50
• B) 25
• C) 55
• D) 36
• E) 27

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Definitions:

Research Literature

Written documents that summarize and critically analyze the existing body of knowledge on a particular topic.

Alternative Hypothesis

A statement that suggests a potential outcome or association that differs from the null hypothesis.

Steroids

Biologically active organic compounds with four rings arranged in a specific molecular configuration, used medically and illicitly for muscle growth.

Home Runs

In baseball, a hit by the batter that results in him safely reaching home plate, scoring a run without any errors or fielder's choices.