The higher a company's accounts receivable turnover rate, the better off it is. Do you agree with

Fantastic news! We've Found the answer you've been seeking!

Question:

The higher a company's accounts receivable turnover rate, the better off it is”. Do you agree with this statement? Why? Can you conceive of any situation in which the current ratio is a poor indicator of short-term, debt-paying ability of a company? Is acid-test ratio a solution to the problem you've described? Briefly explain a situation in which the acid-test ratio is also insufficient