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Which one of the statements is not true

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Reference no: EM132626209

Problem 1: Which one of the following statements is NOT true?

Option 1: DSO measures in days, the time the firm takes to convert its receivables into cash.

Option 2: One ratio that measures the efficiency of a firm's collection policy is days' sales outstanding.

Option 3: The accounts receivables turnover ratio measures how quickly the firm collects on its credit sales.

Option 4: The more days that it takes the firm to collect on its receivables, the more efficient the firm is.

Reference no: EM132626209

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