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Acid-Test Ratio
A stringent measure of liquidity that assesses a company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
Year 2
This term does not have a specific definition without context but generally refers to the second year of a given timeframe, study, or financial period.
Average Collection Period
The amount of time it typically takes for a business to receive payments owed by its customers, indicating the efficiency of a company's credit and collection policies.
Year 2
Typically refers to the second year of a specified period, often used in financial analysis to compare annual performance or growth.
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