Assuming a 365 Day Year,Gore Industries Calculated an Average of 53

question 130

Multiple Choice

Assuming a 365 day year,Gore Industries calculated an average of 53 days to collect its accounts receivable in 2015.During 2015,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:

Gram-variable

Refers to bacteria that do not consistently stain either Gram-positive or Gram-negative due to certain conditions or characteristics of the cell wall.

Anthrax

A serious infectious disease caused by the bacterium Bacillus anthracis, affecting both humans and animals, and can be transmitted through contact with infected animals or animal products.

Gram-positive

Refers to bacteria that retain the crystal violet dye used in the Gram stain process, indicating a thicker peptidoglycan layer in the cell wall.