Bolster Soda had an accounts receivable turnover ratio of 9.9 this year and 11.0 last year. Castor Soda had a turnover ratio of 9.3 this year and 9.3 last year. This implies:
A. Castor collected receivables more quickly than Bolster in both years.
B. Castor's receivables turnover ratios were better than Bolster's for both years.
C. Castor has credit policies that need to be tightened.
D. Bolster's receivables turnover ratios were better than Castor's for both years.
Answer: D
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