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Which is NOT an institution that leads to sustained long-term economic growth?
Days' Sales
A metric that estimates the average length of time it takes for a company to convert its accounts receivable into cash.
Annual Reports
Comprehensive reports on a company's activities throughout the preceding year, intended to give shareholders and other interested parties information about the company's performance and financial standing.
Perpetual Inventory System
A method of inventory management where adjustments to inventory accounts are made continuously as transactions occur.
Cost Of Goods Sold
An accounting term referring to the direct costs attributable to the production of the goods sold by a company.
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