Which of the following is correct for a firm that reduces its accounts receivable balance from the previous quarter?

Name: Which of the following is correct for a firm that reduces its accounts receivable balance from the previous quarter?
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Question

Quizplus · Accepted Answer

If a firm reduces its accounts receivable balance from the previous quarter, it means that collections exceeded sales. This indicates that the firm is effectively managing its receivables and collecting payments from customers in a timely manner.

Which of the Following Is Correct for a Firm That