Accounts Receivable Turnover Shows How Often a Company Converts Its

question 41

True/False

Accounts receivable turnover shows how often a company converts its average accounts receivable balance into cash during the period.

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Definitions:

-trophy

The suffix "-trophy" relates to growth and is used to form nouns indicating the nourishment or development of a particular part or organ (e.g., hypertrophy, atrophy).

Atrophy

The wasting away or decrease in size of an organ or tissue due to disease, injury, or lack of use.

Nourishment

The substances required by organisms to stay alive, grow, and maintain their health.

Synergist

A substance, muscle, or agent that works with another to enhance or facilitate an effect or action.