What Does a High Receivable Turnover Ratio Indicate

question 209

Multiple Choice

What does a high receivable turnover ratio indicate?

• A) Customer payments are collected relatively soon after the sale has been made.
• B) Sales are growing.
• C) Credit sales are much greater than cash sales.
• D) Cash collections are sluggish, taking longer to collect.

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Definitions:

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the complete set of genes or genetic material present in a cell or organism, determining its hereditary traits.