An increase in the firm's receivable turnover ratio means that: | Faculties

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Vikash Gupta

🎓 Tutor III ⭐ 33.56K Points

📊 Financial Management

Q. An increase in the firm's receivable turnover ratio means that:

(A) it is collecting credit sales more quickly than before.
(B) cash sales have decreased.
(C) it has initiated more liberal credit terms.
(D) inventories have increased.

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✅ Correct Answer: (A) it is collecting credit sales more quickly than before.

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