Efficiency Ratio: If Viera Ltd Has an Accounts Receivable Turnover

question 33

Multiple Choice

Efficiency ratio: If Viera Ltd has an accounts receivable turnover of 3.9 times and net sales of $3,436,812, what is its level of receivables?

• A) $881,234
• B) $13,403,567
• C) $1,340,357
• D) $81,234

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Definitions:

Discrimination

Unfair treatment or prejudicial behavior towards individuals on the basis of race, age, sex, nationality, or other characteristics.

Wages

Compensation provided to employees for their work, often determined by the hour, day, or the amount of work completed.

Broad Groups

Categories or classifications used to organize things, people, or concepts into general and wide-ranging categories.

Profit-maximizing Strategy

A business approach aimed at increasing a firm's profit to the highest possible level given the constraints it faces.