Answered: If the accounts receivable turnover is…

If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio? * a. 7.14 times b. 8.69 times c. None of the choices d. 4.52 times

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 12MC: South Rims has an accounts receivable balance at the end of 2018 of $357,470. The net credit sales...

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Question

If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio? *

a. 7.14 times

b. 8.69 times

c. None of the choices

d. 4.52 times

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