Use the following information to answer the next ten questions:
Excerpts from Stealth Company's December 31,2015 and 2014,financial statements are presented below:

-Stealth Company's 2015 receivables turnover ratio is:
A)2.85.
B)4.70.
C)5.00.
D)10.63.

Question

Use the following information to answer the next ten questions:
Excerpts from Stealth Company's December 31,2015 and 2014,financial statements are presented below:
 
-Stealth Company's 2015 receivables turnover ratio is:
A)2.85. 
B)4.70. 
C)5.00. 
D)10.63.

Quizplus · Accepted Answer

The receivables turnover ratio is calculated by dividing net credit sales by average accounts receivable. The correct answer is based on the given data and calculations for Stealth Company's 2015 financials.

Use the Following Information to Answer the Next Ten Questions