Twin Cities 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
You might also like to view...
One firm may have a lower earnings per share simply because it has a
a. smaller dollar amount of common and preferred shares outstanding. b. smaller number of common shares outstanding. c. larger number of common shares outstanding. d. smaller number of common and preferred shares outstanding. e. larger number of common and preferred shares outstanding.
Discuss reasons why the FASB replaced the more general funds flow concept with a cash flow statement.
What will be an ideal response?
The executives of Jornaginn Corporation have decided they need to sell 50,000 additional shares of stock to finance their expansion plans. The executives:
a. cannot sell that many shares unless they were authorized initially in the corporate charter. b. can sell as many shares as the market will bear. c. are limited by the number of shares authorized in the corporate charter, but this number can be increased by amending the charter and paying a fee. d. can sell the shares only if the shares have a par value which is close to the current market price.
Sometimes national leaders resist the notion of international regulation, seeking to control matters of commerce themselves within their own countries.
Answer the following statement true (T) or false (F)