In 2013, T Co

Multiple Choice

In 2013, T Co. reported a receivables turnover ratio of 11.1 and their competitor, WWW Co., reported a ratio of 4.6. Which of the following is true?

A) WWW Co. needs to focus on improving their credit and collection process
B) T Co. needs to decrease their ratio in order to improve collection time
C) WWW Co. has done a better job of collecting their receivables than T Co.
D) All of the statements are true