Stanley,Inc

question 115

Multiple Choice

Stanley,Inc.'s 2015 income statement reported net sales of $6,000,000,uncollectible accounts expense of $160,000,and net income of $700,000.Stanley's average accounts receivable during 2015 amounted to $1,200,000.Using 360 days to a year,Stanley's

• A)Accounts receivable turnover rate is approximately 4.4 times.
• B)Accounts receivable turnover rate is approximately 2.5 times.
• C)Average number of days to collect an account receivable is 72 days.
• D)Accounts receivable turnover rate is approximately 2 times.

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Definitions:

Nature

The inherent features, properties, or qualities of something, especially when seen as characteristic of living organisms.

Symbolic Concerns

Issues or matters that are significant not for their physical impact but for what they represent culturally or emotionally.

Menstrual Cycle

The regular natural change that occurs in the female reproductive system that makes pregnancy possible, usually lasting about 28 days.

Fertile Phase

The period in a female's menstrual cycle when she is most capable of conceiving a child.