TempoWempo45501 TempoWempo45501

06-09-2019
Business

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A company has recently implemented an automated online billing and payment processing system for orders it ships to customers. As a result, it has reduced the average number of days between billing a customer and receiving payment by 10 days. How will this affect the receivables turnover ratio?

Respuesta :

mltn1980 mltn1980

13-09-2019

Answer:

The receivables turnover ratio will be higher

Explanation:

A higher ratio means the company collect its debts on time in a efficient way and almost all its clients pays their debts quickly.

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