Dell Had Net Sales of $8,739 Million and Average Accounts

question 146

Multiple Choice

Dell had net sales of $8,739 million and average accounts receivable of $864 million. Its accounts receivable turnover was

• A) 10.1
• B) 9.9
• C) 36.1
• D) 9.1
• E) 12.8

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Definitions:

Asset Base

The total value of all assets owned by an individual or entity, which can include cash, investments, property, and other tangible and intangible items.

Capital Adequacy Ratio

A measure used by banks to ensure they have enough capital to cover their risks and continue operating in case of losses.

Banking Regulations

Rules and guidelines set by authorities that govern the operations, standards, and procedures of banks and financial institutions.

Noncompliance

Refers to the failure to act according to set rules, standards, or laws.