Which company reduced the average time it took to collect on accounts receivable from 20X1 to 20X2
Mary Gonzales is evaluating companies in the office supply industry and has compiled
the following information:
20X1 20X2
Company Credit Sales ($)
Average Receivables
Balance ($) Credit Sales ($)
Average Receivables
Balance ($)
A 5.0 million 1.0 million 6.0 million 1.2 million
B 3.0 million 1.2 million 4.0 million 1.5 million
C 2.5 million 0.8 million 3.0 million 1.0 million
D 0.5 million 0.1 million 0.6 million 0.2 million
Industry 25.0 million 5.0 million 28.0 million 5.4 million
A. Company B.
B. Company C.
C. Company D.
Ans: A. Company B.
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