Apple Company Had Terms of Net 60 Days for Customers

question 84

True/False

Apple Company had terms of net 60 days for customers.The number of days' sales in accounts receivable for Apple was 42 days.Apple is efficient in the collection of its receivables.

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Definitions:

Dividend Payout Ratio

A financial metric that shows the percentage of a company's earnings paid out to shareholders as dividends.

Profit Margin

A financial metric measuring the amount of net income generated as a percentage of revenue, indicating the efficiency of a company in converting sales into profits.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues, indicating the company's profitability.

Sales Increase

A rise in the amount of goods or services sold by a company, indicating a growth in revenue.