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Accounts Receivable Turnover
Accounts receivable turnover is a financial ratio that measures how effectively a company is collecting on its credit sales by comparing net credit sales with the average accounts receivable for a period.
Financial Statement Analysis
Financial statement analysis involves evaluating the financial statements of a company to assess its performance and make informed business decisions.
IRS Audit
A formal examination by the Internal Revenue Service to verify the accuracy of a taxpayer's returns and financial records.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets.
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