Asked by
William Krogsdale
on Oct 15, 2024
Verified
Compute the company's accounts receivable turnover for Year 2.
A) 8.62.
B) 8.28.
C) 8.94.
D) 5.78.
E) 7.90.
Accounts Receivable Turnover
A financial ratio indicating how many times a company's accounts receivable are collected during a period, reflecting the efficiency of credit policies and collection efforts.
Financial Information
Data and facts related to the monetary performance and position of an entity, including revenues, expenses, assets, and liabilities.
- Ability to compute turnover ratios, including accounts receivable turnover, inventory turnover, and days' sales in inventory.
Verified Answer
CP
Learning Objectives
- Ability to compute turnover ratios, including accounts receivable turnover, inventory turnover, and days' sales in inventory.