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Match each term related to receivables analysis with its description. Each question has a match Question 16 30 Points Match each term related to receivables
Match each term related to receivables analysis with its description. Each question has a match
Question 16 30 Points Match each term related to receivables analysis with its description. Prompts Submitted Answers Choose a match Reducing the length of time in which customers are required to pay will typically the receivables turnover ratio. Receivables turnover ratio Allowing riskier customers to purchase goods or services on account will typically the receivables turnover ratio. Increase The number of times during a year that the average accounts receivable balance is collected More 0 Average collection period An increase in the receivables turnover ratio generally indicates the company manages its receivables efficiently Less The approximate number of days the average accounts receivable balance is outstanding. Decrease Choose a match An increase in the average collection period indicates the company manages its receivables efficientlyStep by Step Solution
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