Pepperdine Reported Net Sales of $8,600 Million,net Income of $126

question 85

Multiple Choice

Pepperdine reported net sales of $8,600 million,net income of $126 million and average accounts receivable of $890 million.Its accounts receivable turnover is:

• A)37.8.
• B)9.7.
• C)68.3.
• D)7.1.
• E)51.7.

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Definitions:

Industry Expands

The process of a sector in the economy growing due to an increase in demand, production, and often, employment.

Allocative Efficiency

A state of the economy where the distribution of resources among different uses is optimal, ensuring that the goods being produced are what consumers prefer the most.

Producing Output

The process of generating goods or services as the result of economic activity.

Additional Unit

The next unit of product or service that could be produced or acquired.