Quick Mart, a retail store, has an accounts receivable turnover of 4.5 times. The industry average is

Question:

Quick Mart, a retail store, has an turnover of 4.5 times. The industry average is 12.5 times. Does Quick Mart have a collection problem with its receivables?

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...