Multiple Choice
At the end of the first year,the Treadwell Tire Company had accounts receivable of $67,900 and at the end of the second year the company had 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:
Verified
Correct Answer:
Verified
Q41: The receivables turnover ratio is calculated using
Q46: If the receivables turnover ratio rises significantly,the
Q47: The allowance for doubtful accounts is a
Q48: .The company's expenses (including bad debt expense)were
Q49: Extending credit to customers will result in
Q69: The receivables turnover ratio indicates:<br>A)the average number
Q87: All other things equal,a company is better
Q108: In the normal formula for interest calculation,the
Q126: Purrfect Pets sells a $1,500 aquarium to
Q127: Receivables might be sold ("factored")to:<br>A)lengthen the time