Which One of the Following Statements Is Most Likely Correct

question 16

Multiple Choice

Which one of the following statements is most likely correct for a firm with an average collection period of 90 days?

• A) Its average daily sales are low.
• B) Its average daily sales are high.
• C) Its current ratio will be high.
• D) It is providing financing for approximately 25% of its annual sales.

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Definitions:

Workplace Behavior

involves the actions and interactions of individuals within an organizational setting, affecting productivity, morale, and overall culture.

Gen Y Workers

Individuals born between the early 1980s and the mid-1990s, also known as Millennials, characterized by their familiarity with digital technology and different work expectations.

Gen Xers

Individuals born approximately between 1965 and 1980 who are characterized by their adaptability, tech-savviness, and independent work ethics.

Baby Boomers

A demographic group defined by people born during the post-World War II baby boom, approximately between 1946 and 1964.