Multiple Choice
Over the last year, a firm's average collection period increased from 30 days to 45 days. Thisincrease could be the result of
A) a slowdown in the economy.
B) the deterioration of the product you sell.
C) a loss of the accounts receivable manager due to a heart attack.
D) all of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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