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:

Actual Situation

The real and present condition or state of affairs, without any alterations or embellishments.

Better Than Anticipated

Results or outcomes that surpass the expected or forecasted standards.

Desired Situation

The optimal state or condition that a person, group, or organization aims to achieve in the future.

Actual Situation

The real and current state of affairs or conditions, as opposed to theoretical considerations or expectations.