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If a company has an accounts receivable turnover of 5 times a year and gives customers 3 0 day terms, which of the following describes
If a company has an accounts receivable turnover of times a year and gives customers day terms, which of the following describes the effectiveness of the company at collecting outstanding accounts receivable?
a effective, the turnover should be less than
b effective, the company had no write offs
c ineffective, the turnover should be
d effective, the turnover should be more than
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