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At the End of the First Year,the Treadwell Tire Company

Question 52

Multiple Choice

At the end of the first year,the Treadwell Tire Company had net accounts receivable of $67,900 and at the end of the second year the company had net accounts receivable of $72,400.If the company's net sales revenue during the second year was $876,875,the receivables turnover ratio for the second year was:


A) 12.5.
B) 29.2.
C) 0.08.
D) 0.034.

Correct Answer:

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