Question

Countryside Corporations receivables turnover ratio decreased from 14.1 last year to 11.8 this year. Which of the following statements is correct?

A) This indicates that the company is taking longer to collect credit payments.

B) This is an indication that the company is experiencing declining credit costs.

C) This could be an indication that the company is using more efficient collection methods.

D) This is an indication that the company is buying and selling financial assets less rapidly.

Answer

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