Which of the following statements about the receivables turnover ratio is true?
A. A higher receivables turnover ratio means faster (better) turnover.
B. The receivables turnover ratio is calculated by dividing net sales revenue by average receivables.
C. The receivables turnover ratio is calculated by dividing 365 by the number of days to collect receivables.
D. The receivables turnover ratio measures the average number of days from sale on account to collection.