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:

Panic Attacks

Sudden episodes of intense fear or anxiety that trigger severe physical reactions when there is no real danger or apparent cause.

Aftermath

The consequences or effects that follow a significant event or disaster.

Stress

A physical, mental, or emotional factor that causes bodily or mental tension.

Agora

In ancient Greece, a central public space in city-states used for assemblies and markets; often considered the heart of social life.