SOFE Exam SOFA-CFE Topic 4 Question 83 Discussion

Actual exam question for SOFE's Certified Financial Examiner exam

Question #: 83
Topic #: 4

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 Lashandra at Mar 18, 2024, 12:00 AM

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1 days ago

I agree with User1, it makes sense to calculate receivable turnover based on net sales on account.

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2 days ago

I think the formula is A) Receivable turnover = Net Sales on Account / Average Net Receivables.

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