MCQs > Finance & Management > Accounts Receivable > Company X has sales of $5,000,000 and its average balance for accounts receivable was $50,000. What is the accounts receivable turnover ratio?

Accounts Receivable MCQs

Company X has sales of $5,000,000 and its average balance for accounts receivable was $50,000. What is the accounts receivable turnover ratio?

Answer

Correct Answer: 100

Explanation:

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Accounts Receivable Skill Assessment

Overall Skill Level-Poor

Your Skill Level: Poor

Retake Quizzes to improve it