The receivable turnover can be calculated by which of the following formula:
A. Receivable turnover = Net Sales on Account / Average Net Receivables
B. Receivable turnover = Gross Sales on Account / Average Gross Receivables
C. Receivable turnover = Net Sales on Receivables / Average Net Account
D. Receivable turnover = Gross Sales on Receivables / Average Gross Account
Answer:A
The receivable turnover can be calculated by which of the following formula:
A. Receivable turnover = Net Sales on Account / Average Net Receivables B. Receivable turnover = Gross Sales on Account / Average Gross Receivables C. Receivable turnover = Net Sales on Receivables / Average Net Account D. Receivable turnover = Gross Sales on Receivables / Average Gross Account