Multiple Choice
Ortny Industries has an accounts receivable turnover ratio of 4.3. If Ortny has an accounts receivable balance of $90,000, what is Ortny's average daily credit sales?
A) $387,000
B) $1,548
C) $1,060
D) $3,521
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q97: Which of the following ratios would be
Q98: When the present financial ratios of a
Q99: Ratios that examine profit relative to investment
Q100: Consolidated Industries has total interest charges of
Q101: Assume that a particular firm has a
Q103: In 2016, ABC's fixed asset turnover is<br>A)
Q104: What is the reason for computing the
Q105: Kannan Carpets, Inc. has asked you to
Q106: Discuss the limitations of ratio analysis.
Q107: An increase in _ will decrease the