Bonine Corporation Has Provided the Following Data The Accounts Receivable Turnover for This Year Is Closest To

question 26

Multiple Choice

Bonine Corporation has provided the following data: $\begin{array}{lrr}&\text { This Year } & \text { Last Year } \\\text {Accounts receivable }&\$ 88,000 & \$ 106,000 \\\text { Inventory}&\$ 178,000 & \$ 191,000 \\\text {Sales on account }&\$ 867,000 & \\\text {Cost of goods sold }&\$ 685,000 &\end{array}$

The accounts receivable turnover for this year is closest to:

• A)0.83
• B)8.94
• C)9.85
• D)1.20

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Definitions:

Normally Distributed

A balanced distribution of probability about the mean, showing a higher occurrence rate for data near the mean compared to data far away.

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, used in hypothesis testing and other statistical analyses.

Z Scores

Scores that are normalized to show the number of standard deviations a data point is away from the distribution's average.

Standardized Scores

Ratings adjusted to a unified scale featuring a mean of zero and a variance of one.