Which of the Following Correctly Orders U

question 31

Multiple Choice

Which of the following correctly orders U.S.income measures from largest to smallest?

• A)disposable personal income,gross national product,national income,net national product,personal income
• B)personal income,net national product,national income,gross national product,disposable personal income
• C)gross national product,net national product,national income,personal income,disposable personal income
• D)disposable personal income,personal income,national income,net national product,gross national product

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales by comparing net credit sales with the average accounts receivable.

Acid-Test Ratio

A financial metric that measures a company's ability to pay off its current liabilities with its most liquid assets, excluding inventory.

Current Liabilities

Short-term financial obligations that are due within one year or within a company's operating cycle, whichever is longer.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects debts from its customers.