17. Which of the following would best explain an increase in receivables turnover? (159) The company adopted new credit policies last year and began offering credit to customers with weak credit histories. Due to problems with an error in its old credit scoring system, the company had accumulated a substantial amount of uncollectible accounts and wrote off a large amount of its receivables To match the terms offered by its closest competitor, the company adopted 18. An analyst is interested in assessing both the efficiency and liquidity of Spherion PLC. The analyst has collected the following data for Spherion: FY3 FY2 FY1 Days of inventory on hand 40 Days sales outstanding 23 Number of days of payables 40 35 35 Based on this data, what is the analyst least likely to conclude? (15) Inventory management has contributed to improved liquidity. Management of payables has contributed to improved liquidity. Management of receivables has contributed to improved liquidity 32 28 34 25