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:

Trespass

An unauthorized intrusion on a person's property or rights, which can involve entering someone's land without permission or interfering with their possessions.

Personal Property

Assets or belongings that are not permanently fixed to one location, such as furniture, vehicles, and electronic devices, as opposed to real property like land or buildings.

Punitive Damages

Money damages awarded to a plaintiff to punish the defendant and deter future similar conduct.

Civil Lawsuit

A legal dispute between two or more parties that seek monetary damages or specific performance rather than criminal sanctions.