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Trade receivables turnover ratio is a/an
Trade receivables turnover ratio is a/an
A
profitability
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B
activity
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C
solvency
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D
liquidity
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Solution
The correct option is B activity
Trade receivables turnover ratio is an activity ratio. It measures how many times a business can turn its accounts receivable into cash during a period.
Trade receivables turnover ratio is an activity ratio. It measures how many times a business can turn its accounts receivable into cash during a period.
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