Balotti S.A. revenue decreased from $250,000 to $220,000. The firm's current assets did not change...
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Balotti S.A. revenue decreased from $250,000 to $220,000. The firm's current assets did not change constant. Given this information, which one of the following statements must be true?
The collection period decreased.
The total asset turnover rate increased.
The fixed asset turnover decreased.
The days' sales in receivables decreased.
The inventory turnover rate increased.
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