Multiple Choice
A company had net sales of $600,000, total sales of $750,000, and an average accounts receivable of $75,000. Its accounts receivable turnover equals:
A) .13
B) .80
C) 7.75
D) 8.00
E) 10.00
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q6: Each December 31, Davis Company ages its
Q8: A company uses the percent of receivables
Q9: Accounts receivable occur from credit sales to
Q10: Converting receivables to cash before they are
Q12: The materiality constraint:<br>A) States that an amount
Q14: Explain how to record the receipt of
Q15: MixRecording Studios purchased $7,800 in electronic components
Q16: ABC Co. sold $80,000 of accounts receivable
Q192: As long as a company accurately records
Q198: The quality of receivables refers to the