ACCOUNTING

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June 7th, 2024

Which statement is not correct?a) An asset turnover figure of 1.5 times is preferred to a figure of 1.2 times.b) A business will prefer a longer average inventory turnover time rather than a shorterturnover time.c) A business will prefer a shorter settlement time for its accounts receivable rather than alonger settlement period.d) None of the statements, i.e. all are correct

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