Examlex
Which of the following statements is true about effective writing?
Average Collection Period
A measure of how long it takes a firm to convert a credit sale (internal store credit, not credit card sales) into a usable form (cash).
Quick Ratio
A financial metric that measures a company's ability to cover its short-term liabilities with its most liquid assets, excluding inventories.
Goods Sold
Goods sold refers to the products that a company has provided to customers in exchange for payment; it is often used in the context of calculating revenues and inventory turnover.
Current Ratio
This is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year.
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