Multiple Choice
If XYZ's receivables turnover is 4x, what does that mean?
A) XYZ's total sales are rotated four times a year.
B) XYZ has a really good receivables turnover rate.
C) XYZ is able to collect its receivables every 90 days, or 4 times a year.
D) XYZ generates four times as much sales through receivables than sales through cash.
Correct Answer:
Verified
Correct Answer:
Verified
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