Insert the Correct Response

question 8

Short Answer

Insert the correct response. Reduce ratios and fractions to the lowest terms.
-Change 1.66 to a ratio. ____________________

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Definitions:

Accounts Receivable

Refers to the money owed to a company by its customers for goods or services already delivered but not yet paid for.

Accounts Payable

Liabilities of a business that are due to be paid to creditors within a short period of time, typically within a year.

Fixed Assets

Long-term tangible assets that a company uses in its operations and is not expected to consume or sell within a year.

Dividends

Payments made by a corporation to its shareholder members, distributing earnings.