At the Beginning of the Year,Vici Ventures Had Accounts Receivable

question 135

Multiple Choice

At the beginning of the year,Vici Ventures had accounts receivable of $220,000.At the end of the year,the company had accounts receivable of $340,000.During the year,Vici had total sales of $1,000,000,70% of which were credit sales What was Vici's receivables turnover ratio for the year?

• A)2.50
• B)3.57
• C)2.94
• D)146 days

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Definitions:

Duration

A financial metric that indicates the sensitivity of a bond's price to changes in interest rates, commonly measured in years.

Par-Value

Par-value is the legal capital per share, established for stocks and bonds, representing a minimal value below which shares cannot be issued.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, often used to assess interest rate risk.