1) Entity J had an accounts receivable turnover ratio of 8 times in 2024 and 6 times in 2025. From 2024 to 2025, the accounts receivable turnover ratio:

Entity J had an accounts receivable turnover ratio of 8 times in 2024 and 6 times in 2025. From 2024 to 2025, the accounts receivable turnover ratio:

deteriorated.

improved.

suggests that customers are paying more rapidly.

could never affect profitability.

2) If a company's cost to purchase inventory is increasing over time, which inventory costing method generally will result in the most stable earnings over a number of years?

Answer rating: 100% (QA)

ANSWER 1 Entity J had an accounts receivable turnover ratio of 8 times in 2024 and 6 times in 2025 F... View the full answer