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:

Long-term Memory

The phase or type of memory responsible for the storage of information over extended periods, ranging from minutes to a lifetime.

Sensory Memory

The shortest-term element of memory, which allows individuals to retain impressions of sensory information after the original stimulus has ceased.

Serial Search

A search for information in which several stores or slots of information are sequentially examined for match to the target.

Anterograde Amnesia

A condition in which a person is unable to form new memories following the onset of amnesia, although memories from before the onset may remain intact.