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zimovet [89]
3 years ago
13

The accounts receivable turnover rate: A) Indicates the proportion of a company's accounts receivable that the independent audit

ors were unable to confirm. B) Indicates how many times the receivables were converted into cash during the year. C) Is computed by dividing average receivables by sales. D) Indicates the average number of days a business waits to make collection on a credit sale
Business
1 answer:
riadik2000 [5.3K]3 years ago
5 0

Answer:

B) Indicates how many times the receivables were converted into cash during the year.

Explanation:

Account receivable Turnover is a ratio which shows that how many times the account receivable is converted into cash in a given period of time. It shows the efficiency of recovery from customer by a company. A company with higher turnover ratio is considered to more profitable and its liquidity is higher. A company with lower Turnover will have low profits and may face liquidity problems.  

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Imagine you are considering which type of career you want. which of these would be most important to your design to your decisio
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ABC Farm Supplies has adopted policies and procedures designed to eliminate non-discriminatory practices in hiring and promoting
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Affirmative action

Explanation:

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3 years ago
_____, a key feature of a customer relationship management (CRM) system, has the ability to capture and analyze all customer int
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4 0
3 years ago
This morning you purchased one share of stock for $14. The stock pays $.20 per share each quarter as a dividend. What must the s
Ulleksa [173]

Answer:

$14.88

Explanation:

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