Noble Company's Accounts Receivable Turnover Was 24

question 15

Multiple Choice

Noble Company's accounts receivable turnover was 24.6 in Year 1 and 18.2 in Year 2. This change in accounts receivable turnover indicates:

• A) the company is not selling its inventory as fast.
• B) the company is selling its inventory faster.
• C) the company's customers are paying faster.
• D) the company's customers are paying slower.

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Definitions:

Maleic Anhydride

Maleic anhydride is an organic compound with the formula C4H2O3, used in the production of various polymers, resins, and as a chemical intermediate.

Alternating Copolymer

A polymer made from two different monomers arranged in an alternating sequence along the polymer chain, providing unique physical and chemical properties.

Monomers

Small molecules that can join with other similar molecules to form large molecules called polymers, fundamental to the structure of plastics, proteins, and other vital substances.

Poly(vinyl Alcohol)

A water-soluble synthetic polymer, obtained through the polymerization of vinyl acetate followed by partial or complete hydrolysis.