3) the financing activities 4) the operating activities Question 16 (1 point) Which of the following is not true regarding the receivables turnover ratio? O 1) It measures the number of times, on average, receivables are collected during a period. 2) It has a popular variant called the average collection period. 3) It is calculated by dividing the average gross accounts receivable by the net credit sales. 4) It is used to assess the liquidity of receivables. Question 17 (1 point) Which statement regarding the indirect method of reporting cash from operating activities is false