Smart and Smiley Ltd Has an Average Collection Period of 74

question 78

Multiple Choice

Smart and Smiley Ltd has an average collection period of 74 days.What is the accounts receivable turnover ratio for Smart and Smiley?

• A)4.93
• B)2.47
• C)2.66
• D)1.68

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Definitions:

Anorexia Nervosa

A condition involving an intense phobia of putting on weight, accompanied by a steadfast refusal to sustain a weight that is within a healthy range.

Genes

Segments of DNA located on chromosomes that contain the necessary instructions for the development and functioning of an organism.

Cohort Effect

Effect that occurs when people born in one historical period are at different risk for a disorder than are people born in another historical period.

Psychological Variable

An attribute, trait, or condition of an individual that can be measured or observed in psychology.