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:

Project Schedule

A detailed timeline that outlines the tasks, milestones, and deadlines within a project.

Written Communication

The process of conveying messages or information through written symbols, texts, or documents.

Extraverts

Individuals characterized by their outgoing, sociable, and assertive behavior, often thriving in interactive and stimulating environments.

Introverts

People who prefer solitary activities and environments where they can focus on their internal thoughts rather than external stimulation.