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

An increase in the firm's receivable turnover ratio means that: a) it

1.	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
Answer» a) it is collecting credit sales more quickly than before.

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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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