Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
10th Edition
ISBN: 9780077732509
Author: William F Messier Jr, Steven M. Glover Associate Professor, Douglas F. Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 10, Problem 10.17MCQ
To determine

Concept Introduction:

Accounts receivables turnover ratio indicates the ratio between the credit sales and accounts receivables. This ratio is calculated by dividing the credit sales by the average balance of accounts receivables.

To choose: the possible reason for decrease in accounts receivable turnover ratio.

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