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Explain the debt ratio and its use in analyzing a company's financial condition.
Cash Payments
Cash payments are transactions in which money is transferred from one party to another to settle a debt or purchase goods or services.
Credit Sales
Sales where the customer is allowed to make payment at a later date, extending credit to the buyer.
Cash Received
The physical or electronic receipt of money from transactions, such as sales, debt collections, or asset disposals.
Total Sales
The total revenue generated from the sale of goods or services before any deductions, such as returns or discounts.
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