Multiple Choice
Afrikana Inc.had a balance in the Accounts Receivable account of $820,000 at the beginning of the year and a balance of $880,000 at the end of the year.Credit sales during the year were $5,920,000.The average collection period of the receivables was
A) 45 days.
B) 52 days.
C) 54 days.
D) 104 days.
Correct Answer:
Verified
Correct Answer:
Verified
Q72: Which one of the following ratios would
Q73: Comparisons of financial data made within a
Q74: All of the following profitability ratios relate
Q75: A solvency ratio measures the net income
Q76: Using vertical analysis on the statement of
Q78: Asset turnover measures<br>A)how often a company replaces
Q79: The return on common shareholders' equity is
Q80: An assessment of liquidity can be done
Q81: If a company has sales of $100
Q82: A company that is highly leveraged is