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:

Verified
Correct Answer:
Verified
Q14: A company lends its supplier $150,000 for
Q15: On average,5% of total accounts receivable has
Q17: Use the information above to answer the
Q18: Use the information above to answer the
Q20: Your company has net sales of $468,300
Q21: On January 31,2014,Purrfect Pets receives a $4,680
Q22: The potential disadvantages of extending credit include
Q23: The direct write-off method for uncollectible accounts
Q24: Which of the following statements about extending
Q209: When credit card sales occur,the seller may