Examlex
Explain the two types of performance appraisal.
Accounts Receivable Turnover
A measure of how quickly a company collects cash from its credit sales.
Inventory Turnover
A ratio indicating how many times a company's inventory is sold and replaced over a specific period.
Year 2
A term that indicates the second year in a series, often used in financial and operational planning to distinguish between different time periods.
Accounts Receivable Turnover
A financial ratio that measures how many times a company can turn its accounts receivable into cash within a period.
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