Final answer:
True, a high accounts receivable turnover ratio does suggest an efficient debt collection but might also indicate that a company's credit policies are too strict, risking the loss of sales.
Step-by-step explanation:
The assertion that a high accounts receivable turnover ratio could indicate that a company's credit policy may be too stringent is true. The accounts receivable turnover ratio measures how often a company collects its average accounts receivable and is calculated by dividing net credit sales by the average accounts receivable. A high ratio suggests that the company is effective in collecting debts and has a quick turnover in receivables. However, it might also suggest that the company's credit policies are too strict, potentially turning away some customers who may not meet these stringent credit requirements, thus leading to lost sales opportunities.