31 Fletcher Company is considering factors some of its accounts receivable. If it factors $200,000 of its accounts receivable for a fee of 3%, which of the following would be true? Check all that are true. d ut of Select one or more: Expenses increase $6,000 O Accounts receivable is debited/increased $194,000 O Cash is debited/increased $199,400 Net income increases Total assets increase Question 32 Not yet You are examing two companies and trying to determine which company collect their receivables the fastest. answered Points out of 1.00 Company One's accounts receivable turnover = 11.3 Company Two's accounts receivable turnover = 12.5 P Flag question NOTE: Accounts receivable turnover = net credit sales / average accounts receivable Which of the two companies more quickly collects its receivables? Select one: O Company One Company Two O Cannot determine using this ratio