Question
The accounts receivable turnover rate for Tall Men's Wear has gone from an average of 11.2 times to 13.8 times per year. How has this
The accounts receivable turnover rate for Tall Men's Wear has gone from an average of 11.2 times to 13.8 times per year. How has this change affected the firm's accounts receivable period?
Increase of 6.14 days
Decrease of 3.98 days
Decrease of 6.14 days
Decrease of 2.28 days I
increase of 2.28 days
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Corporate Finance Reader
Authors: Robert W. Kolb
2nd Edition
1878975536, 978-1878975539
