Suppose a firm’s sales for the year = $1200 and its average receivables balance is $200. What is the firm’s Accounts Receivable Turnover Ratio, expressed in days (not times per year)?

A. 0 days
B. 61 days
C. 30 days
D. 90 days
E. 6 days

Ans: B. 61 days

Business

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Marketing strategies of firms should not consider the ethnic and racial diversity existing in their markets

Indicate whether the statement is true or false

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Typically, employees are allowed to distribute union literature ________

a. at the workplace and during working hours b. outside the workplace and during working times c. at the workplace and during nonworking times d. outside the workplace and during nonworking times

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