When calculating the accounts receivable turnover ratio, is a higher number generally better than a lower number?

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When calculating the accounts receivable turnover ratio, is a higher number generally better than a lower number? Explain your rationale.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For  answer-question

Understanding Financial Accounting

ISBN: 9781119406921

2nd Canadian Edition

Authors: Christopher D. Burnley

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