Which of the Following Is a Sign That a Company

question 61

Multiple Choice

Which of the following is a sign that a company can quickly turn its receivables into cash?

• A)A low receivables turnover ratio.
• B)A high receivables turnover ratio.
• C)A high average collection period.
• D)Both a low receivables turnover ratio and a high average collection period.

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Definitions:

United States

A country in North America comprising 50 states, a federal district, and several territories, known for its significant global influence in economic, political, and cultural affairs.

Retrogressive

Pertaining to movement backward to a less advanced state; often used to describe policies or practices considered to be regressive or detrimental to progress.

Technological Determinism

The theory that society's technology shapes its cultural values, social structure, and history.

Society

A group of people who shape their lives in aggregated and patterned ways that distinguish their group from others.