Beverage International Reports Net Credit Sales for the Year of $240,000.The

question 14

Multiple Choice

Beverage International reports net credit sales for the year of $240,000.The company's accounts receivable balance at the beginning of the year equaled $20,000 and the balance at the end of the year equaled $30,000.What is Beverage International's receivables turnover ratio?

• A)12.0.
• B)9.6.
• C)8.0.
• D)1.5.

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Definitions:

Real Roots

Real roots are the values of the variable that satisfy an equation, where the solutions are real numbers.

Calculator

An electronic or mechanical device used to perform mathematical operations.

Irrational

A term describing a number that cannot be expressed as a ratio of two integers; its decimal representation does not terminate or repeat.

Rational

A rational number is any number that can be expressed as the quotient or fraction of two integers.