If the Receivables Turnover Is 3

question 50

Multiple Choice

If the receivables turnover is 3.1 times,what is the days' sales uncollected?

• A)10 days
• B)85 days
• C)118 days
• D)cannot be determined with information given

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Definitions:

Declared Dividends

Dividends announced by a company's board of directors that are to be paid out to shareholders.

High-Dividend-Payout

Strategy by which a firm distributes a significant portion of its profits in the form of dividends to its shareholders.

Cash Payments

Transactions in which the exchange of goods or services is made with immediate transfer of cash from buyer to seller.

Company Projects

Specific initiatives or activities undertaken by a business to achieve certain goals, often involving investments and strategic planning.