_____ of Receivables Turnover Imply More Efficient Management in Collecting

question 1

Multiple Choice

_____ of receivables turnover imply more efficient management in collecting accounts receivable and shorter durations of interest-free loans to customers.

• A) Unsteady ratios
• B) Steady ratios
• C) Higher ratios
• D) Lower ratios

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Definitions:

Trading in Securities

The practice of buying and selling stocks, bonds, and other financial instruments, typically for short-term profit.

Audit Committee

A subgroup of a company's board of directors that oversees the financial reporting and disclosure process, working closely with auditors.

Sarbanes-Oxley Act of 2002

A U.S. federal law that established sweeping auditing and financial regulations for public companies to protect investors from fraudulent financial reporting.