Which One of These Changes Indicates an Improvement in a Firm's

question 82

Multiple Choice

Which one of these changes indicates an improvement in a firm's asset management efficiency?

• A) An increase in the amount of assets per dollar of sales
• B) An increase in the inventory turnover rate
• C) A decrease in the receivables turnover rate
• D) An increase in the average days in inventory

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Definitions:

Import

The act of bringing goods or services into a country from abroad for the purpose of trade.

Export

The sale of goods or services from one country to another.

Trucks

Large heavy-duty vehicles designed for transporting goods and materials over long distances.

Cars

Motor vehicles with four wheels designed primarily for passenger transportation on roads.