Which of the Following Statements Is Not True

Multiple Choice

Which of the following statements is not true?

A) The receivables turnover ratio indicates the average number of times the company completes the selling and collecting cycle during the year.
B) The days-to-collect measure is 365 days divided by the receivables turnover ratio.
C) The receivables turnover ratio and days-to-collect measure move in opposite directions.
D) A high receivables turnover ratio means a slower turnover.