The industry average receivables collection period: a. Increased from 2016 to 2017. b. Decreased from 2016 to

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The industry average receivables collection period:
a. Increased from 2016 to 2017.
b. Decreased from 2016 to 2017.
c. Did not change from 2016 to 2017.
d. Increased along with the increase in the industry accounts receivable turnover.


Mary Gonzales is evaluating companies in the office supply industry and has compiled the following information:

2016 2017 Average Receivables Balance $1.2 million $1.5 million Average Receivables Credit Credit Company Sales $ 5.0 mi

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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Related Book For  book-img-for-question

Fundamentals of Corporate Finance

ISBN: 978-1119371403

4th edition

Authors: Robert Parrino, David S. Kidwell, Thomas Bates

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