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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Definitions:

Olive Oil

A liquid fat obtained from olives, a traditional tree crop of the Mediterranean Basin, used in cooking, cosmetics, pharmaceuticals, and soaps, and as a fuel for traditional oil lamps.

Soybean Oil

A vegetable oil extracted from the seeds of the soybean, used in cooking and in the production of various food products and industrial applications.

Unsaturated Fatty Acid

A fatty acid that contains one or more double bonds between carbon atoms, which can influence the fluidity of cell membranes and are often found in plant oils.

Saturated Fatty Acid

A type of fatty acid where all carbon atoms are bonded to hydrogen atoms, without any double bonds.