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ABC Company s Accounts Receivable Turnover ratio rose from 10 to 20. ABC makes all of its sales on a credit basis, so this indicates
ABC Company s Accounts Receivable Turnover ratio rose from 10 to 20. ABC makes all of its sales on a credit basis, so this indicates that ABC is Decreasing its Average Collection Period. Increasing the amount of cash it lends to its customers. Decreasing its level of Accounts Payable. O Increasing its Quick Ratio.
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