Lewisburg Corp had sales during the year of $15,000,000 and an average accounts receivable of $5,000,000 . Its accounts receivable turnover ratio is 0.33 times
a. True
b. False
Indicate whether the statement is true or false
False
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Investor-owned proprietary schools are subject to the standards issued by the FASB.
Answer the following statement true (T) or false (F)
A taxpayer guarantees another person's obligation and is forced to pay the debt under the terms of the guarantee. The original debtor does not repay the taxpayer. The taxpayer/guarantor may deduct the loss.
Answer the following statement true (T) or false (F)
When it comes to justifying sustainable marketing, U.S. marketers rationalize sustainability strategies using economics or bottom-line terms and arguments.
Answer the following statement true (T) or false (F)
In purchasing life insurance, Kelsey concealed the fact that she has a muscular disease. The insurance company can void the policy if the muscular disease is found to be a material fact
a. True b. False Indicate whether the statement is true or false