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Which of the following statements is false?
Equity Multiplier
A financial leverage ratio that measures a company's total assets financed by stockholders' equity.
Sales On Account
Transactions where the customer purchases goods or services on credit, agreeing to pay the seller at a later date.
Cost Of Goods Sold
The direct costs attributable to the production of goods sold by a company, including material and labor costs.
Operating Cycle
The duration of time from the acquisition of inventory to the collection of cash from accounts receivable, representing the process of turning assets into cash.
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