If accounts receivable stays the same,and credit sales go up:
A) the average collection period will go up.
B) the average collection period will go down.
C) accounts receivable turnover will decrease.
D) no changes will occur.
Correct Answer:
Verified
Q38: Q39: Q40: Q41: A decreasing average collection period could be Q42: Return on assets (ROA)can be distorted by: Q44: A large extraordinary loss has what effect Q45: Which of the following is not a Q46: An increasing average collection period indicates: Q47: A non-Canadian company experiencing rapid price increases Q61: Disinflation, as compared to inflation, would normally Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)
A) the