A high accounts receivable turnover ratio could mean that the company's credit policies may be too stringent.

Name: A high accounts receivable turnover ratio could mean that the company's credit policies may be too stringent.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A high accounts receivable turnover ratio indicates that a company collects its outstanding credit sales quickly. This could suggest that the company has strict credit policies, leading to faster collections from customers.

A High Accounts Receivable Turnover Ratio Could Mean That the Company's