Given the Following Information, Compute Accounts Receivable Turnover A) 675
B) 7

question 111

Multiple Choice

Given the following information, compute Accounts Receivable Turnover: $\begin{array}{|ll|ll|}\hline \text { Gross Sales: } & \$ 150,000 & \text { Accounts Receivable, Beginning of Year: } &\$ 18,000 \\\hline \text { Net Sales: } & \$ 135,000 & \text { Accounts Receivable, End of Year: }& \$ 22,000 \\\hline\end{array}$

• A) 6.75
• B) 7.5
• C) 6.13
• D) 6.82

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Definitions:

Major Structure

The most stable or predominant structure of a molecule among several possible ones under given conditions.

Major Structure

The most stable or dominant arrangement of atoms within a molecule out of all possible isomeric forms.

Chromic Acid

A powerful oxidizing agent made from mixing chromium trioxide or sodium dichromate with sulfuric acid, used in cleaning laboratory glassware and oxidizing organic compounds.

Oxidation

A chemical process involving the loss of electrons or an increase in oxidation state by a molecule, atom, or ion.