Efficiency Ratio: Jet, Inc

question 27

Multiple Choice

Efficiency ratio: Jet, Inc., has net sales of $712,478 and accounts receivables of $167,435. What are the firm's accounts receivables turnover and days' sales outstanding?

• A) 0.24 times; 78.5 days
• B) 4.26 times; 85.7 days
• C) 5.2 times; 61.3 days
• D) None of the above

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Definitions:

Minority Candidate

A job applicant who belongs to a group that is underrepresented or has been historically marginalized in a particular context or field.

Contingent Employment

Employment arrangements that are not permanent or full-time and may include temporary, freelance, or contract work.

Rehiring Former Employees

The practice of employing individuals who previously worked for the organization and have left but are now returning, often benefiting from their prior experience and familiarity with the company.

Conflict

a serious disagreement or argument, typically a protracted one between individuals, groups, or nations.