Multiple Choice
The receivables turnover ratio indicates:
A) the average number of days from the time a sale is made on account to the time cash is collected.
B) the average number of days from the time a sale is made on account to the time payment is due.
C) how many times a year receivables go uncollected.
D) how fast receivables are collected.
Correct Answer:
Verified
Correct Answer:
Verified
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