Company A has a receivables turnover of 8.0.Company B has a receivables turnover of 10.0.Which of the following statements is correct?
A) Company A collects its receivables faster than Company B.
B) Company B collects its receivables faster than Company A.
C) Company A makes more sales on account than Company B.
D) Company B makes more sales on account than Company A.
Correct Answer:
Verified
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