The _____ turnover ratio equals sales revenue divided by average accounts receivable during the period.
A)cash
B)accounts receivable
C)sales receipts
D)sales revenue
E)asset

Question

Quizplus · Accepted Answer

The accounts receivable turnover ratio measures how efficiently a company collects its receivables, calculated by dividing sales revenue by average accounts receivable during the period.

The _____ Turnover Ratio Equals Sales Revenue Divided by Average