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While a firm's sales and net income have been steady during the last three years, the firm has experienced a decrease in accounts receivable turnover
While a firm's sales and net income have been steady during the last three years, the firm has experienced a decrease in accounts receivable turnover and inventory turnover and an increase in its accounts payable turnover. Likely explanation(s) for these results include:
A. The company is paying for its inventory more quickly than it had in previous periods.
B. The company is collecting from its customers more quickly than it had in previous periods.
C. A and B
D. Neither A nor B
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