The accounts receivable turnover rate for Tiger Uniform has gone from an average of 14.1 times to 15.6 times per year.How has this change affected the firm's accounts receivable period?
A) Decrease of 1.98 days
B) Decrease of 2.49 days
C) Decrease of 3.28 days
D) Increase of 2.49 days
E) Increase of 3.08 days
Correct Answer:
Verified
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