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

Question

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] · Answer 1 · 2022-08-05T22:32:44+03:00

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.