Multiple Choice
The days- to- collect increases from 32 to 48.Which of the following statements is true?
A) The company is likely to see its bad debt expense fall.
B) The receivables turnover rate rises by 50%.
C) The company is becoming more efficient at collecting payment.
D) The receivables turnover rate falls from approximately 11.4 to 7.6.
Correct Answer:
Verified
Correct Answer:
Verified
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