Assuming a 365 Day Year, Gore Industries Calculated an Average

question 212

Multiple Choice

Assuming a 365 day year, Gore Industries calculated an average of 53 days to collect its accounts receivable in 2007. During 2007, Gore's accounts receivable turnover rate:

• A) Was approximately 6.89.
• B) Was equal to 53 times its average accounts receivable.
• C) Was approximately 0.15.
• D) Can't be determined from this information alone.

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Definitions:

Communication Channel

The medium through which a message is transmitted from sender to receiver, such as email, telephone, or in-person.

Formality

The adherence to established rules or customs, typically in official or ceremonial contexts.

Medium

A means of communication or expression; can refer to materials used in art, channels of communication, or digital platforms.

Conversational Tone

A style of writing or speaking that is informal and friendly, mirroring natural spoken dialogue.