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Unformatted text preview: 4. The larger the Accounts Receivable Turnover ratio, the longer it is taking for a firm to receive payment from its customers. 5. When looking at an income statement, it is a good idea to convert actual dollar figures to a % of sales in order to compare the relative value of expenses over time....
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This note was uploaded on 10/12/2011 for the course ECON 101 taught by Professor Mikson during the Spring '08 term at Aarhus Universitet.
- Spring '08