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which of the following is a valid explanation for why an entitys accounts receivable turnover ratio may have increased over the prior year? Question 18

which of the following is a valid explanation for why an entitys accounts receivable turnover ratio may have increased over the prior year?

Question 18 options:

a)

The entity loosened its criteria for granting credit to its customers.

b)

The entity doubled its sales volume discounts to customers in the year.

c)

Sales decreased 10% over the prior year.

d)

The entity changed its payment terms so customers must now pay within 15 days, rather than 30 days.

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