Question: (Ch 4) Presented below are select financial data from Pfizer's annual report: Amounts in millions Year 1 Year 2 Balance sheet Accounts receivable (net) $9,367
(Ch 4) Presented below are select financial data from Pfizer's annual report: Amounts in millions Year 1 Year 2 Balance sheet Accounts receivable (net) $9,367 $13,765 Inventory 6,660 6,039 Income statement Net sales Cost of goods sold $52,516 7,541 $61,298 8,525 What can be said about Pfizer's accounts receivable turnover for Year 2? Select one: O a. It improved from Year 1 to Year 2 O b. Pfizer collected receivables less effectively in Year 2 as compared to Year 1 O c. Fewer customers purchased items on account during Year 2 as compared to Year 1 d. Customers paid their account balances more quickly during Year 2 as compared to Year 1 Clear my choice
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