receivables management

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1. receivables management

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Soniya Aswani

Posted 02-11-2022 01:03 AM

can someone explain me this ques and all the options below

i think i am not able to interpret it correctly

A retail company analyst is comparing North Company to South Company. The analyst notes that receivables for both companies' private label credit cards have significantly increased balances in the current year. North's customers' monthly payment averaged 15% of their balances, while South's customers' monthly payment averaged 22% of their balances. What should the analyst conclude?

	North's customers may be having a harder time paying down their credit card debt than South's customers.
	South Company has likely increased its prices higher than North Company.
	Both North Company and South Company have increased their prices in the current period; however, South Company has a higher gross margin than North Company.
	North Company sells more high-volume, low-margin goods than South Company.

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receivables management

1. receivables management

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