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.

---

Definitions:

Arthur Conan Doyle

A British author best known for creating the fictional detective Sherlock Holmes, contributing significantly to crime fiction.

Ship's Log Book

An official record book kept by the ship's captain or designated officer, documenting daily activities, course, speed, distance traveled, and significant events.

Parallel Structure

The use of the same pattern of words or similar grammatical constructions in a sentence or series of sentences to ensure clarity and balance.

Sentence Variety

The practice of varying the length, structure, and type of sentences within a piece of writing to enhance readability and interest.