Examlex
Which of the following is a contra account?
Current Ratio
This ratio evaluates a corporation's potential to meet its immediate financial obligations, by dividing the total of current assets by the total of current liabilities.
Acid-Test Ratio
A financial metric that measures a company's ability to pay off its current liabilities with its most liquid assets.
Average Collection Period
The average number of days it takes for a business to receive payments owed by its customers.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a certain period, indicating the efficiency of inventory management.
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