Legacy,Inc

question 166

Multiple Choice

Legacy,Inc.'s receivables turnover ratio increased from 11.8 last year to 14.1 this year.Which of the following statements is correct?

• A)This could be an indication that the company is using more efficient collection methods.
• B)This is an indication that the company is experiencing declining credit costs.
• C)This indicates that the company is taking longer to collect credit payments.
• D)This is an indication that the company is buying and selling financial assets less rapidly.

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Definitions:

Psychological Control

The ability of an individual to regulate their thoughts, feelings, and behaviors in order to achieve personal goals or maintain psychological well-being.

Ethnic Minority Adolescents

Young individuals belonging to racial or ethnic groups that are not the majority in their society, often facing specific cultural, social, and economic challenges.

Majority Group

A social group that controls the majority of economic, political, and social resources, often exerting power over minority groups.

Household Responsibilities

Tasks and activities associated with managing and maintaining a home, such as cleaning, cooking, and managing finances.