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John's Jello reports an Accounts Receivable turnover of 5. The ratio last year was 4. This implies that: Multiple Choice The company's customers are taking

John's Jello reports an Accounts Receivable turnover of 5. The ratio last year was 4. This implies that:

Multiple Choice

  • The company's customers are taking longer to pay their bill.

  • The company's customers are paying their bill sooner.

  • The company's inventory has fallen.

  • The company's competitors have lowered their prices.

  • The company has stopped selling on credit.

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