Toppleson Manufacturing reports a receivables turnover ratio of 14.5.The industry average is 10.7.What most likely is causing this difference?
A) Toppleson is selling to high-risk customers.
B) Toppleson has effective procedures related to selling goods on account.
C) Toppleson provides superior products and services.
D) Toppleson allows customers too long to pay.
Correct Answer:
Verified
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