Septon Inc.has an average collection period of 74 days.What is the accounts receivable turnover ratio for Septon Inc.?
A) 4.93
B) 2.47
C) 2.66
D) 1.74

Name: Septon Inc.has an average collection period of 74 days.What is the accounts receivable turnover ratio for Septon Inc.? A) 4.93 B) 2.47 C) 2.66 D) 1.74
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Quizplus · Accepted Answer

The accounts receivable turnover ratio is calculated as 365 days divided by the average collection period. Therefore, 365 / 74 = 4.93.