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Definitions:
Acid-test
A financial ratio that measures a company's ability to pay off its current liabilities with its quick assets.
Inventory Turnover
A metric that indicates the frequency at which a firm's stock is sold and restocked within a given timeframe, highlighting the effectiveness of its inventory control.
Accounts Receivable Turnover
A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated as sales divided by average accounts receivable.
Embezzling Funds
Illegally taking or misappropriating money or assets entrusted to one's care, typically in a workplace or fiduciary setting.
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