If the Receivable Turnover organization is increased then it mean ?

Financial Reporting Financial Accounting

Question added by Ahmer Zamir , Consultant , Saleem Associates & Co
Date Posted: 2015/08/07

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by muhammad shadab khan , accountant , hassan

it means company collect it's receivables many days so it effect on working capital cycle because working capital is equal to stock turnover + receivable turnover - payable turnover

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