3. Answer questions A B and C 7120 XO Question 3- HW3 - ConnectChannel content - YouTube StudAssignmentsheducation.com/ext/map/indexntm2.con3con&external_browser%3D0&launchUrl=https%253A%252F%252FlmsSavedTrout Lumber Yard has a current accounts receivable balance of $440,016. Credit salesfor the year just ended were $5,153,850.a. What is the receivables turnover? (Do not round intermediate calculations andround your answer to 2 decimal places, e.g., 32.16.)b. What is the days' sales in receivables? (Do not round intermediate calculations andround your answer to 2 decimal places, e.g., 32.16.)c. How long did it take on average for credit customers to pay off their accounts duringthe past year? (Do not round intermediate calculations and round your answer to 2decimal places, e.g., 32.16.)a.Receivables turnovertimesb. Days' sales in receivablesdaysAverage collection perioddaysC.< Prev3 of 8Next >search67°

a. Receivables turnover = Credit sales / Receivables = $5,153,850 / $440,016 = 11.71 times b.…

Answered: 3. Answer questions A B and C

Business

Accounting

3. Answer questions A B and C

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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