Examlex
Observe the figure shown.Based on what you see,what can you conclude?
Credit Period
The duration of time that a buyer is allowed to pay for a credit purchase.
Credit Sales
Sales of goods or services that are paid for later, rather than at the time of purchase, building a receivable account on the seller's balance sheet.
Receivables
Amounts due from customers to a company for goods delivered or services rendered, awaiting payment.
Inventory Turnover
A ratio showing how many times a company has sold and replaced inventory over a certain period of time, indicating the efficiency of inventory management.
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