Comment on this company\'s trend for Accounts Receivable turnover this year. Las
ID: 376183 • Letter: C
Question
Comment on this company's trend for Accounts Receivable turnover this year.
Last year
This year
Industry average for this year
40 times
45 times
20 times
(time series means the trend within the company from last year to this year and cross sectional means the comparison within the current year of the company to others in the industry -- so better means the company is better than the industry average)
a. time-series basis is improving but while the cross sectional is worse
b. time-series basis is improving while the cross sectional is better
c. time-series basis is worsening while the cross sectional is worse
d. time-series basis is worsening while the cross sectional is better.
Comment on this company's trend for Accounts Receivable turnover this year.
Last year
This year
Industry average for this year
40 times
45 times
20 times
(time series means the trend within the company from last year to this year and cross sectional means the comparison within the current year of the company to others in the industry -- so better means the company is better than the industry average)
a. time-series basis is improving but while the cross sectional is worse
b. time-series basis is improving while the cross sectional is better
c. time-series basis is worsening while the cross sectional is worse
d. time-series basis is worsening while the cross sectional is better.
Comment on this company's trend for Accounts Receivable turnover this year.
Last year
This year
Industry average for this year
40 times
45 times
20 times
(time series means the trend within the company from last year to this year and cross sectional means the comparison within the current year of the company to others in the industry -- so better means the company is better than the industry average)
a. time-series basis is improving but while the cross sectional is worse
b. time-series basis is improving while the cross sectional is better
c. time-series basis is worsening while the cross sectional is worse
d. time-series basis is worsening while the cross sectional is better.
Comment on this company's trend for Accounts Receivable turnover this year.
Last year
This year
Industry average for this year
40 times
45 times
20 times
(time series means the trend within the company from last year to this year and cross sectional means the comparison within the current year of the company to others in the industry -- so better means the company is better than the industry average)
a. time-series basis is improving but while the cross sectional is worse
b. time-series basis is improving while the cross sectional is better
c. time-series basis is worsening while the cross sectional is worse
d. time-series basis is worsening while the cross sectional is better.
Last year
This year
Industry average for this year
40 times
45 times
20 times
Explanation / Answer
Option B is the best choice i.e. time series data is improving and cross sectional is better because company's account recievable turnover improving in both the cases.
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