Why would the accounts receivable turnover ratio be different between Wal-Mart and Procter & Gamble? LO15

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Why would the accounts receivable turnover ratio be different between Wal-Mart and Procter \& Gamble?

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Financial Accounting

ISBN: 9780324380675

10th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jun 11, 2024 12:02 AM

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A company that grants terms of $\mathrm{n} / 45$ on all sales has a yearly accounts receivable turnover, based on monthly averages, of 5. Is this a satisfactory turnover? Discuss. LO15
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Why would the accounts receivable turnover ratio be different between Wal-Mart and Procter & Gamble? LO15

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Financial Accounting

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