JBL reports total revenue of $47,561, and net receivables of $19,595 these numbers are all from their 2018 financial statement. Their net receivables in 2019 were 21,856 and their total revenue stayed the same. Did their ART improve from 2018 to 2019? ART= sales revenue / accounts receivable A) yes, improved by 2 weeks B) no, decreased by 2.5 weeks C) stayed the same D) cannot be determined from the information provided

JBL reports total revenue of $47,561, and net receivables of $19,595 these numbers are all from their 2018 financial statement. Their net receivables in 2019 were 21,856 and their total revenue stayed the same. Did their ART improve from 2018 to 2019? ART= sales revenue / accounts receivable A) yes, improved by 2 weeks B) no, decreased by 2.5 weeks C) stayed the same D) cannot be determined from the information provided

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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