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In 20x2, Cols receivables turnover ratio and days' sales in receivables was 11.43 times and 319 days. In 20X2.P Co's receivables turnover ratlo and days'

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In 20x2, Cols receivables turnover ratio and days' sales in receivables was 11.43 times and 319 days. In 20X2.P Co's receivables turnover ratlo and days' sales in receivables was 9.71 times and 376 days. Which of the following statements is false? Multiple Choice P. Cos tower amover ratio has in inverse relationship to its day sales tied up in recevables The Wher humover rate for Co hurts the bodity O Conppears to be more profitable tronco Comanegement done a better job of managing the receivables

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