Declan Inc. calculated its accounts receivable turnover for 2020 to be 20.0. Both years prior to 2020

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Declan Inc. calculated its accounts receivable turnover for 2020 to be 20.0. Both years prior to 2020 showed accounts receivable turnovers to be 12.0. Based on this information, what is the best explanation for the change?

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: Feb 17, 2024 09:37 AM

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Declan Inc. calculated its accounts receivable turnover for 2020 to be 20.0. Both years prior to 2020

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The accounts receivable turnover ratio measures how efficiently a company collects its accounts rece... View the full answer

Intermediate Accounting IFRS

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