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A company reports a receivables turnover ratio of 14.5. The industry average is 10.7. What...

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Accounting

A company reports a receivables turnover ratio of 14.5. The industry average is 10.7. What most likely is causing this difference?

Multiple Choice

  • The company is selling to high-risk customers.

  • The company allows customers too long to pay.

  • The company provides superior goods and services.

  • The company has effective procedures related to selling goods on account.

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