Shawna Needs to Study for a Test

question 15

Multiple Choice

Shawna needs to study for a test.The week before the test it will probably be a good idea to:

• A)compare notes with study group members to be sure she has all the key points.
• B)organize her notes.
• C)summarize the notes in her own words.
• D)edit and revise her notes.

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Definitions:

Days Receivable Outstanding

Days Receivable Outstanding (DRO) is a financial metric that calculates the average number of days it takes a company to collect payment after a sale has been made.

Accounts Receivable

Funds that customers owe a company for products or services that have been provided but remain unpaid.

Sales

The total amount of goods or services sold or provided to customers, generating revenue for a business.

Long-Term Debt To Assets

A ratio indicating the proportion of a company's assets that are financed through long-term debt, showing financial leverage.