A Decrease in Receivables Turnover Ratio Is Indicative Of

question 109

Multiple Choice

A decrease in receivables turnover ratio is indicative of:

• A) an increase in sales revenue.
• B) slower-selling inventory.
• C) an increase in accounts receivable.
• D) a decline in cost of goods solD.
• Receivable turnover = Net sales ÷ Average net receivables

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Definitions:

Acronym

A word formed from the first letters of each word in a sequence of words, used as a shorthand or abbreviation for the full term.

Burns

Injuries to tissues caused by heat, chemicals, electricity, sunlight, or radiation, categorized by the depth of injury: first, second, and third degree.

Snake Bite

An injury caused by the bite of a snake, often characterized by two puncture wounds and requiring immediate medical attention.

Puncture Wound

A puncture wound is a deep wound caused by a sharp, pointed object piercing the skin.