If the accounts receivable turnover ratio is decreasing, what will be happening to the average collection period?

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If the accounts receivable turnover ratio is decreasing, what will be happening to the average collection period?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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