SOFE Exam SOFA-CFE Topic 3 Question 104 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 104
Topic #: 3

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 Aileen at Dec 09, 2024, 08:30 PM

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7 days ago

I think the answer is A.

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