The higher the accounts receivable turnover,the slower the accounts receivable are collected.

Name: The higher the accounts receivable turnover,the slower the accounts receivable are collected.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The opposite is true. The higher the accounts receivable turnover, the faster the accounts receivable are collected. A high turnover ratio indicates that a company is efficiently managing its accounts receivable and collecting payment from customers quickly.

The Higher the Accounts Receivable Turnover,the Slower the Accounts Receivable