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Credit Sales
Sales made by a business allowing the customer to pay at a later date, often tracked through accounts receivable.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations using its current assets.
Short-Term Note Payable
A debt obligation due within one year or within the normal operating cycle of the business, used to finance short-term financing needs.
Receivables Turnover Ratio
A financial metric used to assess how efficiently a company collects cash from its credit sales by dividing total credit sales by the average accounts receivable.
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