Which One of the Following Statements Is Most Likely Correct

question 2

Multiple Choice

Which one of the following statements is most likely correct for a firm with an average collection period of 90 days?

• A)its average daily sales are low.
• B)its average daily sales are high.
• C)its current ratio will be high.
• D)it is providing financing for approximately 25% of its annual sales.

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Definitions:

Immigration Reforms

Changes in policy designed to improve and manage immigration laws and the flow of immigrants into a country, often aiming to address issues such as illegal immigration and the status of undocumented immigrants.

Immigration System

The legal and administrative processes and procedures through which individuals from other countries apply to enter, live, or gain citizenship in another country.

Illegal Immigration

The act of moving to or residing in a country or jurisdiction without the legal permission or in violation of the immigration laws.

Congress

The legislative branch of the United States federal government, consisting of the House of Representatives and the Senate.