In 2011,the receivables turnover for Team Shirts was 15 times.In 2012 it was 14.5 times.This means that ________.
A) the financial picture for Team Shirts improved over the year
B) Team Shirts collected its receivables more quickly in 2012 than in 2011
C) Team Shirts' turnover was better in 2011
D) the average days to collect the receivables were greater in 2011
Correct Answer:
Verified
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