Question
Company Abel has total sales of $375,000, of which, $125,000 represent cash sales. Its annual average accounts receivable balance is $42,000. What is its accounts
Company Abel has total sales of $375,000, of which, $125,000 represent cash sales. Its annual average accounts receivable balance is $42,000. What is its accounts receivable turnover in terms of number of turns? 9. Question Text: Company Abel has total sales of $375,000, of which, $125,000 represent cash sales. Its annual average accounts receivable balance is $42,000. What is its accounts receivable turnover in terms of number of turns? a. =5.95 turns b. 2.97 turns c. 8.92 turns d. 3.0 turns Select one: a. 5.95 turns b. 2.97 turns c. 8.92 turns d. 3.0 turns Question 10 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text What is its accounts receivable turnover in terms of days? Select one: a. 21 days b. 31 days c. 61 days d. 51 days
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