Watins,Inc

question 52

Multiple Choice

Watins,Inc.'s 2018 income statement reported net sales of $5,000,000.Watin's average accounts receivable during 2018 amounted to $450,000.Using 360 days to a year,Watin's:

• A)Accounts receivable turnover rate is approximately 13.8 times.
• B)Accounts receivable turnover rate is approximately 1.25 times.
• C)Average number of days to collect an account receivable is 32 days.
• D)Accounts receivable turnover rate is approximately 2 times.

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Definitions:

Right Atrium

The right upper chamber of the heart that receives deoxygenated blood from the body and pumps it to the right ventricle.

Systole

Contraction of the heart chambers during which blood leaves the chambers; usually refers to ventricular contraction.

Diastole

The phase of the heartbeat when the heart muscle relaxes and allows the chambers to fill with blood.

Right Ventricle

The chamber of the heart responsible for pumping deoxygenated blood to the lungs for gas exchange.