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:

Collectivist

Pertaining to cultures or societies that prioritize group goals over individual ones, emphasizing community, cooperation, and interdependence.

Individualistic

A cultural or personal orientation that emphasizes independence, self-reliance, and the priority of individual goals over group objectives.

Power Distance

A cultural dimension that describes the extent to which individuals in a society accept that power in institutions and organizations is distributed unequally.

Cultural Differences

Variations in the values, beliefs, practices, and rituals among groups of people from different backgrounds.