Conceptually, what does a receivables turnover of 5 mean for a firm? It takes 5 days before the firm's working capital becomes negative. It takes 5 days to generate dollar sales equal to the outstanding accounts receivable balance. The firm sold its inventory 5 times per year The firm collected and re-loaned its receivables 5 times per year. It takes 5 days to collect outstanding receivables if no new ones are created