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SOFE Exam SOFA-CFE Topic 9 Question 85 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 85
Topic #: 9
[All SOFA-CFE Questions]

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

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Suggested Answer: A

by Tenesha at Apr 21, 2024, 03:52 AM

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Marsha
6 months ago
I'll go with A too. Net Sales on Account / Average Net Receivables sounds right.
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Velda
6 months ago
I thought it might be B. Gross sales also sound logical.
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Dorothy
7 months ago
Agree with Sales on Account makes sense.
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Colene
7 months ago
I think it's A. Net Sales on Account should be used.
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Sheron
7 months ago
Yeah, it's not immediately obvious.
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Marsha
8 months ago
This question seems tricky.
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Elly
8 months ago
Hmm, using gross sales and average gross receivables instead.
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Nana
8 months ago
B) Receivable turnover = Gross Sales on Account / Average Gross Receivables
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Onita
8 months ago
That makes sense, calculating it based on net sales and average net receivables.
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Rhea
8 months ago
A) Receivable turnover = Net Sales on Account / Average Net Receivables
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Angella
8 months ago
The receivable turnover can be calculated by which of the following formula?
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