IDEA Is Used by the Securities and Exchange Commission (SEC)to

question 27

Multiple Choice

IDEA is used by the Securities and Exchange Commission (SEC) to:

• A)Store the financial data of public companies
• B)Collect lists of bankrupt companies
• C)Store the URL's of member firms
• D)Collect data on individuals victimized by identity theft hackers

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Definitions:

Days' Sales

Days' Sales, often referred to as Days Sales Outstanding (DSO), measures the average number of days it takes a company to collect payment after a sale has been made.

Receivables Turnover

A financial metric that measures how efficiently a company uses its assets by converting accounts receivable into cash over a period.

Debt-Equity Ratio

A financial ratio that represents the comparative deployment of shareholders' equity and debt in asset financing.

Total Asset Turnover

A financial metric indicating how efficiently a company uses its assets to generate sales revenue.