Balance Sheet the Balance Sheet and Income Statement

question 2

Multiple Choice

Balance Sheet The balance sheet and income statement of a particular firm are shown above. What does the account receivable days ratio tell you about this company?

• A)It takes on average about 4 weeks to collect payment from its customers.
• B)It takes on average about 6 weeks to collect payment from its customers.
• C)It takes on average about 7 weeks to collect payment from its customers.
• D)It takes on average about 11 weeks to collect payment from its customers.

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Definitions:

Species Diversity

The variety and variability of species within a particular region, contributing to the health and resilience of ecosystems.

Ecosystem Diversity

The variety of different habitats, living communities, and ecological processes in the natural world.

Biodiversity

The variety and variability of life on Earth, encompassing the diversity of species, ecosystems, and genetic variations.

Global Warming

The long-term rise in Earth's average surface temperature, primarily due to human activities that release greenhouse gases into the atmosphere.