If Randolph Corp

question 22

Multiple Choice

If Randolph Corp. has accounts receivables of $654,803 and net sales of $1,932,349, what is its accounts receivable turnover? Round your final answer to two decimal places.

• A) 0.34 times
• B) 1.78 times
• C) 2.95 times
• D) None of the above

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Definitions:

Future Outlay

Expected future expenditures or financial obligations.

Incremental Revenues

Additional income generated from a new action or decision, beyond what is currently being earned.

Allocated Fixed Costs

Allocated fixed costs are fixed costs that have been distributed among different departments or products based on a predetermined basis.

Variable Costs

Expenses that vary directly with the level of production or sales volume.