Solved

Bolster Soda Had an Accounts Receivable Turnover Ratio of 9

Question 19

Multiple Choice

Bolster Soda had an accounts receivable turnover ratio of 9.9 this year and 11.0 last year.Castor Soda had a turnover ratio of 9.3 this year and 9.3 last year.This implies


A) Castor had a better receivables turnover than Bolster did for both years.
B) Bolster had a better receivables turnover than Castor did for both years.
C) Castor has credit policies that need to be tightened.
D) Castor collected receivables more quickly than Bolster in both years.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions