Which of the following is not true regarding the receivables turnover ratio 1) It is used to assess the liquidity of receivables 2) It has a popular variant called the average collection period 3) It measures the number of times, on average, receivables are collected during a period 4) It is calculated by dividing the average gross accounts receivable by the net credit sales

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Which of the following is not true regarding the receivables turnover ratio? 1) It is used to assess the liquidity of receivables. 2) It has

Which of the following is not true regarding the receivables turnover ratio?

1)	It is used to assess the liquidity of receivables.

2)	It has a popular variant called the average collection period.

3)	It measures the number of times, on average, receivables are collected during a period.

4)	It is calculated by dividing the average gross accounts receivable by the net credit sales.

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