Jet, Inc, Has Net Sales of $712,478 and Accounts Receivable of of $167,435

question 67

Multiple Choice

Jet, Inc., has net sales of $712,478 and accounts receivable of $167,435. What are the firm's accounts receivable turnover and day's sales outstanding? Round your accounts receivable turnover to two decimal places and day's sales outstanding to nearest day.

• A) 0.24 times; 79 days
• B) 4.26 times; 86 days
• C) 5.2 times; 61 days
• D) None of the above.

Recognize the importance of and methods for building strong supplier relationships and the role of suppliers in product design and quality control.

Differentiate between procurement and strategic sourcing and understand the strategic sourcing process.

Identify the advantages and disadvantages of e-procurement and e-sourcing.

Comprehend the steps involved in the Managing Strategic Sourcing Process.

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