A Company That Sells Primarily on a Cash Basis Could

question 34

True/False

A company that sells primarily on a cash basis could support a lower quick ratio because their cash inflow is faster than a company selling on credit.

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Definitions:

Workforce

The collective group of individuals engaged in or available for work, either in a specific company or in a country or region.

Customers

Individuals or entities that purchase goods or services from a business, playing a central role in any company's success.

Sustainability

The practice of maintaining processes or systems in a way that doesn't deplete the natural resources or harm the environment for future generations.

Environmentally Conscious

Awareness and consideration of environmental impacts in decision making, often involving efforts to reduce negative effects on the environment.