Multiple Choice
Which statement is not correct?
A) A business will prefer a shorter settlement time for its accounts receivable rather than a longer settlement period.
B) An asset turnover figure of 1.5 times is preferred to a figure of 1.2 times.
C) A business will prefer a longer average inventory turnover time rather than a shorter turnover time.
D) None of the statements, i.e., all are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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