If an Organization Wants to Know How Long the Collection

question 74

True/False

If an organization wants to know how long the collection period is that it is extending to its debtors on average, it would likely calculate the long-term debt ratio.

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Definitions:

Legal Positivism

A philosophy of law that emphasizes the codification of law over personal or moral considerations, asserting that legal validity comes from establishment by the authority of the state.

Dow Chemical

An American multinational chemical corporation, known for its wide range of chemical, plastic, and agricultural products.

Foreign Countries

Nations outside of one's own, each with their own systems of government, laws, and customs.

Historical School

An approach in legal theory that emphasizes the evolutionary development of law and considers the historical context of legal systems.