If Average Accounts Receivable Is $35,000 and Net Sales Total

question 46

Multiple Choice

If average accounts receivable is $35,000 and net sales total $100,000,what is the receivables turnover?

• A)0.3 times
• B)0.4 times
• C)2.9 times
• D)126 times

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Definitions:

Longitudinal

A research design or study that follows subjects over a period of time, allowing for the observation of long-term effects or changes.

Participants

Individuals who take part in a research study or experiment.

Impulsive

Characterized by actions taken without forethought or consideration of the consequences; spontaneous behavior.

Conservative

A political and social ideology that emphasizes the value of traditional institutions and practices, resistance to rapid change, and cautiousness in political and social reform.