If XYZ's Receivables Turnover Is 4x, What Does That Mean

question 25

Multiple Choice

If XYZ's receivables turnover is 4x, what does that mean?

• A) XYZ's total sales are rotated four times a year.
• B) XYZ has a really good receivables turnover rate.
• C) XYZ is able to collect its receivables every 90 days, or 4 times a year.
• D) XYZ generates four times as much sales through receivables than sales through cash.

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