When calculating the accounts receivable turnover ratio, is a higher number generally better than a lower number?
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When calculating the accounts receivable turnover ratio, is a higher number generally better than a lower number? Explain your rationale.
Accounts ReceivableAccounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For
Understanding Financial Accounting
ISBN: 9781119406921
2nd Canadian Edition
Authors: Christopher D. Burnley
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