Indicate whether each of the following statements is true or false.
_____ a)The higher the accounts receivable turnover ratio,the longer is a company's cash collection period.
_____ b)The accounts receivable turnover ratio is measured as the amount of sales divided by accounts receivable.
_____ c)The average days to collect accounts receivable is measured as 365 divided by the accounts receivable turnover ratio.
_____ d)The higher the average days to collect accounts receivable,the greater is the amount of cash collection.
_____ e)The higher the average days to collect accounts receivable,the faster is the cash inflow from accounts receivable.

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The Answer of Indicate whether each of the following statements is true or false.
_____ a)The higher the accounts receivable turnover ratio,the longer is a company's cash collection period.
_____ b)The accounts receivable turnover ratio is measured as the amount of sales divided by accounts receivable.
_____ c)The average days to collect accounts receivable is measured as 365 divided by the accounts receivable turnover ratio.
_____ d)The higher the average days to collect accounts receivable,the greater is the amount of cash collection.
_____ e)The higher the average days to collect accounts receivable,the faster is the cash inflow from accounts receivable.

Indicate Whether Each of the Following Statements Is True or False