Based on the Following Data,what Is the Accounts Receivable Turnover

question 162

Multiple Choice

Based on the following data,what is the accounts receivable turnover?

• A)17.5
• B)2.6
• C)20.0
• D)15.5

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Definitions:

Merchandising Company

A business that purchases goods in finished form for resale to consumers, generating revenue through sales activities.

Retailer

A business or person that sells goods directly to consumers from a physical or online store.

Periodic Inventory System

An accounting method that records inventory purchases and sales periodically, often at the end of an accounting period, instead of continuously updating stock levels.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and overhead.