• 2022-06-06
    Jasper United had sales of $21,000 in 2011 and $24,000 in 2012.The firm's current accounts remained constant.Given this information, which one of the following statements must be true?
    A: The total asset turnover rate increased.
    B: The days' sales in receivables increased.
    C: The net working capital turnover rate increased.
    D: The fixed asset turnover decreased.
    E: The receivables turnover rate decreased.