Noble Company's accounts receivable turnover was 18.2 in Year 1 and 24.6 in Year 2.This change in accounts receivable turnover indicates:

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The increase in accounts receivable turnover from 18.2 to 24.6 indicates that the company's customers are paying their invoices faster, as a higher turnover ratio reflects a shorter duration between credit sales and payment collections.

Noble Company's Accounts Receivable Turnover Was 18