Asked by Yamaris Estrella on Apr 29, 2024
Verified
To convert the gross collection ratio to a percentage,you:
A) double it
B) triple it
C) divide it by 100
D) multiply it by 100
Gross Collection Ratio
Includes the total payments received by a practice for a specific period of time, not including any write-offs. The gross collection ratio can be calculated by taking the total payments for the specific period divided by the total charges, again without considering write-offs.
Percentage
A portion of a whole expressed as a fraction of 100, used to describe proportions or compare quantities.
- Use accounting formulas to assess the financial status and performance of a business.
Verified Answer
NF
Negin FallahMay 04, 2024
Final Answer :
D
Explanation :
To convert the gross collection ratio or any ratio to a percentage, you multiply it by 100.
Learning Objectives
- Use accounting formulas to assess the financial status and performance of a business.