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24 May 2018
17. A high accounts receivable turnover ratio indicates: (Hint: Accounts receivable turnover = Net Sales / Average net accounts receivable) A) the company's sales are increasing. B) a large proportion of the company's sales are on credit. C) customers are making payments very quickly. D) the company is taking longer to sell inventory.
17. A high accounts receivable turnover ratio indicates: (Hint: Accounts receivable turnover = Net Sales / Average net accounts receivable) A) the company's sales are increasing. B) a large proportion of the company's sales are on credit. C) customers are making payments very quickly. D) the company is taking longer to sell inventory.
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