Toppleson Manufacturing Reports a Receivables Turnover Ratio of 14

question 42

Multiple Choice

Toppleson Manufacturing reports a receivables turnover ratio of 14.5.The industry average is 10.7.What most likely is causing this difference?

• A)Toppleson is selling to high-risk customers.
• B)Toppleson has effective procedures related to selling goods on account.
• C)Toppleson provides superior products and services.

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