Legacy,Inc.'s receivables turnover ratio increased from 11.8 last year to 14.1 this year.Which of the following statements is correct?
A) This could be an indication that the company is using more efficient collection methods.
B) This is an indication that the company is experiencing declining credit costs.
C) This indicates that the company is taking longer to collect credit payments.
D) This is an indication that the company is buying and selling financial assets less rapidly.
Correct Answer:
Verified
Q171: The Perry Company reported Accounts Receivable,Net of
Q172: Grandview Grinding,Inc.had net accounts receivable of $135,800
Q173: Inglewood Industries has net sales of $936,600
Q174: A low accounts receivable turnover ratio indicates:
A)the
Q175: What effect does the collection of a
Q177: ABC Corp.received a 3-month,at 8% per year,$1,500
Q178: The financial statements of Pomegranate Produce contained
Q179: The financial statements of Pomegranate Produce contained
Q180: On November 1,2018,Lendem,Inc.loaned an employee $100,000 at
Q181: A company's number of days to collect
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents