Multiple Choice
Pepsi had an accounts receivable turnover ratio of 9.9 this year and 11.0 last year. Coke had a turnover ratio of 9.3 this year and 9.3 last year. This implies
A) Coke had a better receivables turnover for both years.
B) Pepsi had a better receivables turnover for both years.
C) Coke has credit policies that need to be tightened.
D) Coke collected receivables more quickly than Pepsi in both years.
Correct Answer:

Verified
Correct Answer:
Verified
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