Dividing Accounts Receivable, Net by Net Sales and Multiplying the Result

question 108

Multiple Choice

Dividing accounts receivable, net by net sales and multiplying the result by 365 is the:

• A) Profit margin.
• B) Days' sales uncollected.
• C) Accounts receivable turnover ratio.
• D) Average accounts receivable ratio.
• E) Current ratio.

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Definitions:

Federal Funding

Financial support provided by the federal government to support a wide range of services and projects, including education, transport, and healthcare.

Desegregation

The process of eliminating racial segregation, typically referring to the legal and social efforts to end the separation of different racial groups within a society.

National Defense Education Act

1958 law passed in reaction to America’s perceived inferiority in the space race; encouraged education in science and modern languages through student loans, university research grants, and aid to public schools.

Agricultural

Pertaining to farming or the cultivation of plants and animals to produce food, fiber, medicinal plants, and other products.