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:

Whistle-blowing

The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization by an insider.

Social Responsibility Continuum

A range that depicts the varying degrees to which businesses may engage in acts intended to benefit society, from minimal to extensive involvement.

State Uncertainty

Refers to the inability to predict future states of the environment, making decision-making challenging due to unknown variables.

Environmental Forces

External factors such as social, economic, technological, competitive, and regulatory conditions that affect an organization's operations and outcomes.