h Apr 22 at 11:59pm Saved Help Save & Exit Subri In 20X2, C Co's receivables turnover ratio and days' sales in receivables was 11.43 times and 31.9 days. In 20X2, P Co's receivables turnover ratio and days' sales in receivables was 9.71 times and 37.6 days. Which of the following statements is false? Multiple Choice The higher turnover ratio for C Co hurts their liquidity. P Co's lower turnover ratio has an inverse relationship to its days' sales tied up in receivables. C Co appears to be more profitable than P Co. C Co's management has done a better job of managing their receivables.