Team Shirts' receivables turnover was 12 times per year.The retail industry average for receivables turnover is 13 times per year.
A) Team Shirts should improve its turnover to meet the industry standard.
B) Team Shirts' turnover is better than the industry standard.
C) Team Shirts is able to turn its receivables into cash more quickly than its competitors in the industry.
D) Team Shirts' average days to collect the receivables were greater than the retail industry average.
Correct Answer:
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