A Decrease in Receivables Turnover Ratio Is Indicative Of

question 28

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.

---

Definitions:

Interest Earned

The income received from investments, savings, or as interest payments from loans.

Reporting Currency

The currency used in financial statements to represent an entity's financial performance and position, often the national currency where the company is domiciled.

Price-Level-Adjusted Currency

Currency whose value is adjusted according to changes in a price index, to account for inflation or deflation.

Specific Currency

A particular currency chosen for financial transactions or accounting purposes.