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Kwami Kwami
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7 years ago
The following comparison is presented for Couch, Inc. to the industry averages:
   Industry
   Couch, Inc.   Averages
   Current ratio   1.7   1.2
   Quick ratio   .6   .8
   Net sales to working capital   12.0   25.0
   Receivables turnover   4.0   7.6
   Inventory turnover   4.8   6.2
What conclusion can be drawn when comparing Couch's receivable turnover to the industry average?
A) Couch has less receivables to total assets than the industry average.
B) Couch has less receivables to net sales than the industry average.
C) Couch's turnover of its receivables is quicker than the industry average.
D) Couch is collecting its receivables quicker than the industry average.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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hol23hol23
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7 years ago
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Kwami Author
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7 years ago
Very nice, you've helped tremendously

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