fenil 13 April 2020 at 13:12 PM

In a comparison of 20X5 and 20X4, Neir Company’s accounts receivable turnover ratio increased substantially, although sales and credit sales amounts were essentially unchanged. Which of the following statements is the best explanation for the increase in the accounts receivable turnover ratio? a) The write-off of an uncollectable account. b) A change in credit policy to shorten the period for the cash discount. c) A significant cash sales volume increase near the end of the accounting period. d) A change in credit policy to lengthen the period of the cash discount.