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The Aztecs and Incas used conscripted labor to build public wealth, while the Spanish used forced labor to enrich private individuals.
Receivables Turnover
A financial metric that measures how efficiently a company collects cash from its credit sales by calculating the number of times receivables are turned over during a period.
Payables Turnover
A financial ratio that measures how fast a company pays its suppliers, calculated as the cost of sales divided by average accounts payable.
Cash Cycle
The duration of time it takes for a business to convert its investments in inventory and other resources into cash flows from sales.
Receivables Period
The average number of days required for a company to receive payments owed by its customers for goods or services rendered.
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