If business conditions are stable,an increase in the number of accounts receivable turnover from one year to the next (based upon a company's accounts receivable at year-end) might indicate:
A) that a longer discount period and a more distant due date were extended to customers in the second year.
B) a significant decrease in the volume of sales of the second year.
C) that the second year's sales were made at lower prices than the first year's sales.
D) a stiffening of the company's credit policies.
E) None of these choices are correct.
Correct Answer:
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