Post Utme Unilag 2021 Commerce Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Unilag Commerce examination.

Post Utme Unilag 2021 Commerce Objective / Multiple Choice
Question 13 POST_UTME_UNILAG • 2021 • COMMERCE • objective

A firm's accounts receivable turnover ratio is calculated as the net sales divided by the average accounts receivable. If the net sales are ₦900,000 and the average accounts receivable is ₦60,000, what is the accounts receivable turnover ratio?

Answer Options

A. 15
Correct Answer B. 16
C. 17
D. 18
Correct Answer
B
Correct Option:
16

About This Question

This is Post Utme Unilag 2021 Commerce Question 13. It is one of the objective questions from the 2021 Post Utme Unilag Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support