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.

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Definitions:

Gastrointestinal

Relating to the stomach and intestines, encompassing the entire digestive tract.

Chemical Unit

A basic measurement of a substance used in chemistry that defines what amount of it is present.

Matter

The substance or substances of which any physical object consists or is composed, existing in solid, liquid, or gas states.

Lateral

Relating to, or situated at, the side of an organ or structure.