An increase in the accounts receivable turnover may be due to a change in how credit is granted and/or in collection practices.

Name: An increase in the accounts receivable turnover may be due to a change in how credit is granted and/or in collection practices.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An increase in accounts receivable turnover means that customers are paying faster or the company is collecting outstanding payments more efficiently. This could be due to changes in credit policies or collection practices.

An Increase in the Accounts Receivable Turnover May Be Due