A companys sales this year and last year are identical. Given this fact, what would cause a

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A company’s sales this year and last year are identical. Given this fact, what would cause a 2.7% increase in accounts receivable as a percentage of sales?

a-The company has produced more inventory than the year before,

*b-The company has collected more in receivables than the year before,

c-The company has produced less inventory than the year before,

d- The company has collected less in receivables than the year before.

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-0324597707

12th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Feb 02, 2024 12:41 AM

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A companys sales this year and last year are identical. Given this fact, what would cause a

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The detailed answer for the above question is provided below The correct answer is b The company has ... View the full answer

Fundamentals of Financial Management

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