Multiple Choice
Which of the following statements is/are true regarding the receivables turnover ratio?
A) It is used to assess receivables' liquidity.
B) It measures the number of times, on average, that receivables are collected during the period.
C) It is calculated by dividing average sales by gross receivables outstanding during the year.
D) Both A and B are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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