Accounting 9706 · AS & A Level · Analysis and communication of accounting information

Analysis and communication of accounting information — practice question

A business’s trade receivables turnover has been worked out for two years. - this year: 60 days - last year: 50 days What could explain the difference?

  • Aincreased levels of discounts received
  • Bincreased profit margins
  • Cincreased cash sales volume
  • Dcustomer liquidity problems

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