If firms Acme and Butler have the same amount of sales and equal quick ratios, but Acme’s receivables turnover is higher, it is most likely that: （）
A. Acme’s average days of receivables is higher than Butler’s.
B. Acme has lower credit standards than Butler.
C. Butler has a lower cash ratio than Acme.
参考答案：C
解析：
Given that they have the same amount of sales and Acme’s receivables turnover (sales/average accounts receivable) is higher, Acme must have lower average accounts receivable than Butler. Given that they have equal quick ratios, subtracting accounts receivable from the numerators of the quick ratios of both firms will produce a cash ratio for Butler that is lower than the cash ratio for Acme. Lower credit standards would tend to increase a firm’s days of sales outstanding and decrease receivables turnover.