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Consider the following scenario. Initially the economy has 90 million people working, 10 million people unemployed, and 20 million people not in the labor force. Then prospects for the economy improve. Five million people who previously were not in the labor force now join the 10 million previously unemployed in looking for work. For now, the economy remains with 90 million workers. What happens to the unemployment rate?
Days' Sales
A financial metric that measures the average time it takes for a company to turn its inventory into sales.
Receivables
Money owed to a company by its customers from sales or services rendered, recorded as an asset on the balance sheet.
Inventory
The total amount of goods and materials held by a company, intended for sale or production.
Payables
Short for accounts payable; money owed by a company to its suppliers or creditors for products and services received but not yet paid for.
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