Question 19 225 uts A high accounts receivable turnover ratio indicates a large proportion of the company's sales are on Credit austomers are making payments story the company's sales are increasing customers are making payments ve quickly Question 20 3.25 pts The account Allowance for Doubtful Accounts is classified as alm) liability expense contra account to Accounts Receivable. contra account to Bad Debt Expense. Question 21 January 15. Goofy Company sells merchandise on account to Pluto Associates for $5.000 with terms 3/10./30.On