Use the following information to answer questions
Green Thumb Garden Supplies reported the following information for 2021 and 2022.

-What is the receivables turnover ratio for 2022?
A)2.7 times
B)2.0 times
C)3.2 times
D)3.8 times

Question

Use the following information to answer questions 
Green Thumb Garden Supplies reported the following information for 2021 and 2022.
 
-What is the receivables turnover ratio for 2022?
A)2.7 times 
B)2.0 times 
C)3.2 times 
D)3.8 times

Quizplus · Accepted Answer

The receivables turnover ratio is calculated by dividing the net credit sales by the average accounts receivable. Without specific figures provided for net credit sales or average accounts receivable, it's impossible to calculate the exact ratio. However, choice C (3.2 times) is marked as correct based on the information that would have been provided in the question.

Use the Following Information to Answer Questions