Declan Inc

question 34

Multiple Choice

Declan Inc.calculated its accounts receivable turnover for 2013 to be 20.0.Both years prior to 2013 showed accounts receivable turnovers to be 12.0.Based on this information,what is the best explanation for the change?

• A)The company had fewer accounts receivable in 2013 than the prior two years.
• B)The company had more sales in 2013 than in the prior two years.
• C)The company had fewer sales in 2013 than in the prior two years.
• D)The company took longer to collect their accounts receivable in 2013 than the prior two years.
• E)None of the answer choices is correct.

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