Arvind Ltd is trying to ascertain its efficiency and calculates the accounts receivable turnover ratio. The ratio is higher in FY21 as compared to FY20. What does a higher accounts receivable turnover ratio in FY21 indicate?
The accounts receivable turnover ratio, also known as the debtor’s turnover ratio, is an efficiency ratio that measures how efficiently a company is collecting revenue – and by extension, how efficiently it is using its assets. The accounts receivable turnover ratio measures the number of times over a given period that a company collects its average accounts receivable . The accounts receivable turnover in days shows the average number of days that it takes a customer to pay the company for sales on credit. As such, a higher ratio would mean its taken lesser days to collect from debtors.
Where is the capital of Switzerland?
The currency of North Korea is:
What is the currency of Greece?
_________ is the capital of Somalia.
What is the capital of Lakshadweep?
Which city was the capital of Pandya dynasty?
Which of the following is the currency of Japan.
Architect Marina becomes first South Asian to win Lisbon Triennale Lifetime Achievement Award. She Belongs to ?
Which of the following is the capital of Mauritius?
.___________ is the currency of Fiji.