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The CD-CP Program let to the establishment of the
Sales On Account
Transactions where goods are sold and payment is deferred, allowing the buyer to pay at a later date, typically generating accounts receivable for the seller.
Average Sale Period
The average time it takes for a company to sell its inventory, often used to assess the efficiency of sales operations.
Financial Statements
Formal records of the financial activities and position of a business, person, or other entity, presenting its financial performance and position over a defined period.
Current Ratio
A financial metric indicating a firm's capability to settle short-term debts, determined by dividing its current assets by its current liabilities.
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