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:

Geographic Barriers

Natural features such as mountains, rivers, and deserts that present obstacles to human movement or communication.

Environmental Adaptation

The process by which organisms adjust and change their behavior, physiology, and structure to better suit their environment.

Davis Strait

A body of water located between Greenland and Canada, serving as a significant shipping route and habitat for marine wildlife.

Leif Ericsson

A Norse explorer believed to be the first European to land in North America, approximately 500 years before Christopher Columbus.