NO.PZ201602060100001804
问题如下：
4. What will be the impact on Stellar in the current year if Martinez’s belief in Conclusion 4 is correct? Compared with the previous year, Stellar’s:
选项：
A.
current ratio will increase.
B.
days sales outstanding (DSO) will decrease.
C.
accounts receivable turnover will decrease.
解释：
B is correct.
Because accounts receivable will be lower than reported in the past, Stellar’s DSO [Accounts receivable/(Revenues/365)] will decrease. Stellar’s accounts receivable turnover (365/days’ sales outstanding) will increase with the lower DSO, giving the false impression of a faster turnover. The company’s current ratio will decrease (current assets will decrease with no change in current liabilities).
解析：A/R减少→current asset减少→current ratio变小，A选项错误。
receivable turnover=Revenue/A/R，分母变小→turnover变大，C选项错误。
DSO=365/receivable turnover，分母变大→DSO变小，B选项正确。
AR转成了long term AR，我理解current asset没变呀，长期AR还是算在流动资产里面吧
