A Company That Has Days' Sales Uncollected of 30 Days

question 211

True/False

A company that has days' sales uncollected of 30 days and days' sales in inventory of 18 days implies that inventory will be converted to cash in about 12 days.

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Definitions:

Retaining

The process of keeping customers or employees engaged and continuing to use or work for an organization or service over time.

Label

A piece of information attached to a product or service that provides details about its origin, use, care, and disposal, often required by regulatory authorities.

Marketer

A person or company involved in promoting, selling, and distributing a product or service.

Repositioning

The strategic process of changing the target market’s perception of a brand or product.