Dell Reported Net Sales of $8,739 Million and Average Accounts

question 5

Multiple Choice

Dell reported net sales of $8,739 million and average accounts receivable of $864 million.Its accounts receivable turnover is:

• A)0.90
• B)10.1
• C)36.1
• D)50.0
• E)3,686

---

Definitions:

Rescinding

The action of revoking, canceling, or repealing a contract, agreement, or law.

Respondeat Superior Liability

A legal doctrine holding employers or principals liable for the wrongful acts of their employees or agents, performed within the scope of their employment or agency.

Principal

The original amount of money borrowed or invested, excluding any interest or dividends.

Fault

In legal terms, refers to culpability or responsibility for wrongdoing or an accident, often determining liability in civil cases.