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higher receivable turnover than payable turnover what does this say about a company

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Accounting

higher receivable turnover than payable turnover what does thissay about a company

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ANSWER STEP1 MEANING OF COMPANY A COMPANY is an organisationwhich has a main aim of earn profit by serving good quality of goods and services to the customersCompany has to keep constant eye on business surroundings or environment to grab the new business opportunities and to make plans to overcome new threats This will lead to higher efficiency and profit for the company STEP2 MEANING OF RATIOS ACCOUNTS RECEIVABLE TURNOVER RATIOThis turnover ratio indicates efficiency ratio of the    See Answer
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