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Account receivable turnover ratio: this measures how efficiently Woolworth's uses its assets. A higher ratio indicates that Woolworth collects its receivable more frequently throughout the

Account receivable turnover ratio: this measures how efficiently Woolworth's uses its assets. A higher ratio indicates that Woolworth collects its receivable more frequently throughout the period. Based on data, account receivable turnover ratio decrease significantly from 89.55 2020 to 68.69 in 2023, indicating that Woolworth's has become more efficient in collecting its receivable

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