Examlex
Which of the following statements is true?
Accounts Receivable Turnover
A financial metric that measures how often a company collects its average accounts receivable balance in a period.
Accounts Payable Turnover
A financial ratio that measures the rate at which a company pays off its suppliers by dividing total purchases by average accounts payable for the period.
Cash Surplus
A situation where a business or individual's income exceeds its expenditures, resulting in available cash for saving or spending.
Cash Balance
The amount of cash that a company or individual has on hand at any given time.
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