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    Modern Auditing Assurance
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    Exam 15: Auditing the Expenditure Cycle
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    Cost of Goods Sold Divided by Accounts Receivable Is the Formula
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Cost of Goods Sold Divided by Accounts Receivable Is the Formula

Question 28

Question 28

Multiple Choice

Cost of Goods Sold divided by Accounts Receivable is the formula for:


A) accounts payable turn days.
B) cost of goods sold to accounts payable.
C) payables as a percentage of total assets.
D) current ratio.
E) quick ratio.

Correct Answer:

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