Which of the following is least likely to be a reasonable explanation for an increase in accounts receivable turnover? a. early payment incentives for customers. b. tightening of credit policy. c. implementation of more aggressive collection policies. d. allowance of a new grace period for customer payments.

(D) Allowance of a new grace period for customer payments.

Explanation:

Accounts Receivable Turnover.

Accounts receivable turnover refers to the number of times in a year that a company receives its average account receivable. It shows how quickly a customer should pay the company for credit sales.

This also shows the company's effectiveness in issuing out sales on credit and collecting funds from the customers at the right time.

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