This change reflects:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Subject  - account 

Please help me. 

Thankyou. 

Company ABC's trade receivables
turnover time decreases from 37
days in 2022 to 29 days in 2023.
For the same time periods, the
turnover time for suppliers
increases from 26 days to 32 days.
This change reflects:
Options from Question 14:
An improvement in liquidity
Deterioration in liquidity
An improvement in solvency
Deterioration in solvency
Transcribed Image Text:Company ABC's trade receivables turnover time decreases from 37 days in 2022 to 29 days in 2023. For the same time periods, the turnover time for suppliers increases from 26 days to 32 days. This change reflects: Options from Question 14: An improvement in liquidity Deterioration in liquidity An improvement in solvency Deterioration in solvency
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Basic Accounting Terms
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education