Solved

Toppleson Manufacturing Reports a Receivables Turnover Ratio of 14

Question 60

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents