Question
Company ABC's trade receivables turnover time decreases from 37 days in 2022 to 29 days in 2023. For the same time periods, the turnover time
Company ABC's trade receivables turnover time decreases from 37 days in 2022 to 29 days in 2023. For the same time periods, the turnover time for suppliers increases from 26 days to 32 days. This change reflects: Options from Question 14 :
An improvement in liquidity
Deterioration in liquidity
An improvement in solvency
Deterioration in solvency
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Management Accounting A Business Planning Approach
Authors: Noah P. Barsky, Jr. Anthony H. Catanach
2nd Edition
1516506286, 978-1516506286
