Wilson,Inc.provides the Following Data

question 12

Multiple Choice

Wilson,Inc.provides the following data:


Calculate accounts receivable turnover ratio form 2017.(Round your answer to two decimal places. )

• A)4.80 times
• B)3.85 times
• C)2.82 times
• D)2.22 times

---

Definitions:

Retained Earnings

The part of net profits that is not distributed as dividends but is kept by the company for reinvestment in its primary business or for debt repayment.

Dividends Declared

Profits distributed by a company to its shareholders, usually determined by the company's board of directors.

Statement of Retained Earnings

A financial document showing how a company's retained earnings have changed over a period due to dividends and earnings.

Expense Account

An expense account refers to a ledger account that tracks money spent or costs incurred in a business's operational activities.