Use the Following Information to Answer the Following Question(s)

question 24

Multiple Choice

Use the following information to answer the following question(s) .
Key Ratios for ABC, Ltd.and Its Industry
ABC, Inc.Income Statement (in thousands) December 31, 2016
ABC Ltd Balance Sheet (in thousands) December 31, 2016

-In 2016, ABC's average collection period is [blank].

• A)30 days
• B)32.5 days
• C)25 days
• D)35 days

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Definitions:

T-test

A statistical test used to compare the means of two groups or samples to see if they are significantly different from each other.

Population Variances

A measure of the spread of a population's data points from its mean.

Test Statistic

A value derived from sample data, used in statistical hypothesis testing to determine whether to reject the null hypothesis.

F Distributed

Describes a statistical distribution used in hypothesis testing, related to the ratio of two sample variances.