Multiple Choice
The Grass is Greener Corporation's receivables turnover ratio decreases from 14.1 to 11.8.Which of the following statements is true?
A) This indicates that the company is taking longer to collect credit payments.
B) This is an indication that the company is experiencing declining credit costs.
C) This could be an indication that the company is using more efficient collection methods.
D) This is an indication that the company is buying and selling financial assets less rapidly.
Correct Answer:
Verified
Correct Answer:
Verified
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