Which of the following statements about the receivables turnover analysis is correct? Multiple Choice Accounts receivable...
Which of the following statements about the receivables turnover analysis is correct?
Multiple Choice
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Accounts receivable decline as companies sell on credit.
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Accounts receivable increase as companies receive payment.
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Receivables turnover refers to how fast receivables are collected.
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The days to collect will increase as the receivables turnover increases.
Homework Answers
correct option is "C"- Receivables turnover refers to how fast receivables are collected.
correct:Receivables turnover refers to how fast receivables are collected
Accounts receivable turnover ratio indicates that how efficiently company is collecting its outstanding debts and number of days it takes to collect its receivables .
Reason for other options :(Incorrect)
a)As company sell its goods on credit ,accounts receivable outstanding increases.
b)As company receives payment from customers ,its outstanding receivables declines.
d)The days to collect will decrease with increase in receivable turnover ratio
Add Answer to:
Which of the following statements about the receivables turnover
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Continuing Company Analysis—Amazon: Accounts receivable turnover
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Amazon.com is one of the largest Internet
retailers in the world. Best Buy, Inc. is a
leading retailer of consumer electronics and media products in the
United States. Amazon and Best Buy compete in similar markets;
however, Best Buy sells through both traditional retail stores and
the Internet, while Amazon sells only through the Internet. Sales
and accounts receivable information for both companies for a recent
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