select the correct answer. what does a higher accounts receivable turnover ratio indicate? a. the company…

select the correct answer. what does a higher accounts receivable turnover ratio indicate? a. the company collects its short - term debts efficiently b. company has too few assets c. sales of the company is declining d. profit of the business is high and the cost of capital is low

select the correct answer. what does a higher accounts receivable turnover ratio indicate? a. the company collects its short - term debts efficiently b. company has too few assets c. sales of the company is declining d. profit of the business is high and the cost of capital is low

Answer

Brief Explanations:

Accounts receivable turnover ratio measures how efficiently a company collects its short - term debts (accounts receivable). A higher ratio means the company is collecting payments from its customers more quickly.

Answer:

A. the company collects its short - term debts efficiently