Days' Sales in Inventory Is a Ratio Measure That Shows

question 13

True/False

Days' sales in inventory is a ratio measure that shows how quickly a company can collect its receivables.

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Definitions:

Enforceable

Capable of being executed or imposed in accordance with legal or contractual requirements.

Debt

Money owed by one party, the debtor, to another party, the creditor; an obligation to pay or do something.

Enforceable

Legally binding; capable of being upheld or imposed in a court of law.

Concessionaire

An entity granted the right to operate a business within the premises owned by another, often in public or entertainment venues.