Pepsi had accounts receivable turnover ratio of 9.9 this year and 11.0 last year. Coke had a turnover ratio of 9.3 this year and

Question

3 years ago

11

Pepsi had accounts receivable turnover ratio of 9.9 this year and 11.0 last year. Coke had a turnover ratio of 9.3 this year and

9.9 last year. This implies:______.
1. Coke has the better turnover for both years
2. Pepsi has the better turnover for both years
3. Coke's turnover is improving
4. Coke's credit policies are too loose
5. Coke is collecting its receivables more quickly than Pepsi in both years

Business

1 answer:

jekas [21] · Answer 1 · 2022-09-28T10:07:43+03:00

jekas [21]3 years ago

4 0

3 is your answer. You’re welcome