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What is the important of efficiency?

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Anonymous

16y ago
Updated: 9/17/2019

This ratio looks at how long it takes for the business to get back the money it is owned. Average collection period for accounts receivable reveals the average number of days it takes for a company to collect its credit accounts from its customers. Therefore, a business prefers a shorter average settlement period. The number of days has been same in both the years.

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Lurline Lemke

Lvl 10
3y ago

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