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galina1969 [7]
3 years ago
9

A company has recently implemented an automated online billing and payment processing system for orders it ships to customers. A

s a result, it has reduced the average number of days between billing a customer and receiving payment by 10 days. How will this affect the receivables turnover ratio?
Business
1 answer:
valkas [14]3 years ago
6 0

Answer:

The receivables turnover ratio will be higher

Explanation:

A higher ratio means the company collect its debts on time in a efficient way  and almost all its clients pays their debts quickly.

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