If the average collection period is 60 days, what is the receivables turnover?
A) 6.0 times
B) 6.1 times
C) 12.2 times
D) None of these
Correct Answer:
Verified
Q83: Ratios are used as tools in financial
Q86: Profit margin is calculated by dividing
A) sales
Q91: If equal amounts are added to the
Q94: The acid-test ratio
A) is a quick calculation
Q95: West Company had $375,000 of current assets
Q97: A weakness of the current ratio is
A)
Q98: Trading on the equity (leverage) refers to
Q100: Asset turnover measures
A) how often a company
Q100: Which one of the following ratios would
Q101: Donner Corporation had net income of $200,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents