EBK AUDITING & ASSURANCE SERVICES: A SY
EBK AUDITING & ASSURANCE SERVICES: A SY
11th Edition
ISBN: 9781260687668
Author: Jr
Publisher: MCGRAW-HILL LEARNING SOLN.(CC)
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Chapter 10, Problem 10.17MCQ
To determine

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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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