The accounts receivable turnover increased, while the number of days sales in receivables decreased for the current

Question:

The turnover increased, while the number of days’ sales in receivables decreased for the current year for Nackerud Co. Are changes for the current year good or bad? Explain.

Accounts Receivable
Accounts 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...