If a Debtor Is About to Leave the State, the Surety

question 20

True/False

If a debtor is about to leave the state, the surety may call on the creditor to take action against the debtor.

---

Definitions:

Days' Sales in Inventory

A financial metric indicating the average number of days it takes for a company to turn its inventory into sales.

Dividend Yield

A financial ratio that shows how much a company pays out in dividends each year relative to its share price.

Total Asset Turnover

A financial ratio that measures a company's efficiency in using its assets to generate sales or revenue.

Inventory Turnover

A ratio showing how many times a company has sold and replaced inventory over a given period, indicating the efficiency of inventory management.