Typically,the more credit sales a company has

Question

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When a company has more credit sales, it means it is extending more credit to its customers, resulting in higher amounts of accounts receivables. As a result, the days to collect accounts receivable will likely increase, meaning it takes longer for the company to collect its receivables. This will also result in a lower accounts receivable turnover rate, which represents how many times a company collects its average accounts receivable balance during a period. A higher accounts receivable yield is not affected by the amount of credit sales, as it represents the interest earned on a company's accounts receivable balance.

Typically,the More Credit Sales a Company Has