SOFE Exam SOFA-CFE Topic 2 Question 52 Discussion

Actual exam question for SOFE's Certified Financial Examiner exam

Question #: 52
Topic #: 2

The receivable turnover can be calculated by which of the following formula:

AReceivable turnover = Net Sales on Account / Average Net Receivables

BReceivable turnover = Gross Sales on Account / Average Gross Receivables

CReceivable turnover = Net Sales on Receivables / Average Net Account

DReceivable turnover = Gross Sales on Receivables / Average Gross Account

Show Suggested Answer

Suggested Answer: A

by Glendora at May 28, 2022, 11:21 AM

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