If the accounts receivable turnover for the current year has decreased when compared with the ratio for the preceding year, ther

Question

3 years ago

8

e has been an acceleration in the collection of receivables.
True / False.

1 answer:

xz_007 [3.2K] · Answer 1 · 2022-08-21T08:37:54+03:00

Answer:

False

Explanation:

If the receivable turnover for the current year has reduced when compared with the ratio of the preceding year and that has an acceleration of the receivable is false if the form has a ratio of twp then the subsequent receipt of a 60-day trial will cause the ratio to get discounted. This means that the company is seeing more of the delinquent clients.