Snype, Inc

question 66

Multiple Choice

Snype, Inc. has an accounts receivable turnover ratio of 7.3. Stork Company has an accounts receivable turnover ratio of 5.0. Which of the following statements is correct?

• A) Snype's average collection period is less than Stork's.
• B) Stork's average collection period is less than Snype's.
• C) Snype has a lower accounts receivable account on average than does Stork Company.
• D) Stork Company has (on average) a lower accounts receivable account than does Snype.

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Definitions:

Independence

The state of being self-reliant and free from external control or support.

Academics

Pertains to education and scholarly activities or institutions focused on learning, research, and teaching.

Verbal Requests

Expressions made using words to ask for something from someone else.

Play Style

The distinct manner in which individuals engage in play, influenced by personality, culture, and developmental stage.