An auditor’s preliminary analysis of accounts receivable turnover revealed the following rates over these accounting periods XXXXXXXXXX XXXXXXXXXX Which of the following is the most likely cause of...

An auditor’s preliminary analysis of accounts receivable turnover revealed the
following rates over these accounting periods
2013 2012 2011
4.3 6.2 7.3
Which of the following is the most likely cause of the decrease in accounts receivable
turnover?
(1) Increase in the cash discount offered
(2) Liberalization of credit policy
(3) Shortening of due date terms
(4) Increased cash sales