High Inc. has an accounts receivable turnover ratio of 7.3. Low Company has an accounts
receivable turnover ratio of 5. Assuming that High and Low have the same sales level, which of the
following statements is correct?
A) Low Company has (on average) a lower accounts receivable balance than does High.
B) High has a higher accounts receivable balance on average than does Low Company.
C) High's average collection period is less than Low's.
D) Low's average collection period is less than High's.
C
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If an annuity due and an ordinary annuity have the same number of equal payments and the same interest rates, then
a. the present value of the annuity due is less than the present value of the ordinary annuity. b. the present value of the annuity due is greater than the present value of the ordinary annuity. c. the future value of the annuity due is equal to the future value of the ordinary annuity. d. the future value of the annuity due is less than the future value of the ordinary annuity.
Your ability to separate yourself and your product from that of your competitors is referred to as:
A) positioning B) differentiation C) value processing D) product placement E) marketing alliance