Multiple Choice
The days to collect receivables increases from 32 to 48.Which of the following statements is true?
A) The company is likely to see its bad debt expense decrease.
B) The receivables turnover rate increases by 50%.
C) The company is becoming more efficient at collecting payment.
D) The receivables turnover rate falls from approximately 11.4 to 7.6.
Correct Answer:
Verified
Correct Answer:
Verified
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