A Company Has Net Sales of $900,000 and Average Accounts

question 110

Multiple Choice

A company has net sales of $900,000 and average accounts receivable of $300,000. What is its accounts receivable turnover for the period?

• A) 0.20.
• B) 5.00
• C) 20.0
• D) 73.0
• E) 3.0

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Definitions:

Permeable

Allowing liquids or gases to pass through it, often referring to materials or membranes.

Urobilinogenuria

A condition characterized by an increased level of urobilinogen in the urine, which may indicate liver dysfunction or hemolytic disease.

Cirrhosis

A chronic liver disease characterized by the replacement of liver tissue with fibrosis, scar tissue, and regenerative nodules, leading to loss of liver function.

Kidney Stones

Hard mineral and acid salt deposits that form inside the kidneys and can cause pain when passing through the urinary tract.