All-State Moving had sales of $899,000 in 2017 and $967,000 in 2018. The firm's current accounts, such as accounts receivable, remained constant, but not all accounts in the financial statements remained constant . Given this information, which one of the following statements must be true? a. The total asset turnover rate increased. b. The fixed asset turnover decreased. c. The days' sales in receivables increased. d. The net working capital turnover rate increased.
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All-State Moving had sales of $899,000 in 2017 and $967,000 in 2018. The firm's current accounts, su...
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