Saturday, October 10, 2020

An increase in a company's receivables turnover ratio typically means the company is:

An increase in a company's receivables turnover ratio typically means the company is:


A) Having trouble paying debts as they become due.

B) Less profitable.

C) More effectively granting credit to and collecting cash from customers.

D) Losing customers to its competitors.


Answer: More effectively granting credit to and collecting cash from customers.

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