Question
Which financial ratio is defined as net credit sales divided by average net accounts receivable? A. Days sales in inventory B. Debt-to-Equity ratio C. Acid-test
Which financial ratio is defined as net credit sales divided by average net accounts receivable?
A. Days sales in inventory
B. Debt-to-Equity ratio
C. Acid-test ratio
D. Accounts receivable turnover ratio
E. Inventory turnover
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Advanced Management Accounting
Authors: Maurice L. Hirsch Jnr.
2nd Edition
1861526768, 978-1861526762
