TRUE OR FALSE
7.Accounts receivable turnover measures the number of days in the
company's average collections period.
8.All turnover ratios discussed in this chapter uses the net sales figure as
numerator
9. Debt to equity ratio measures the percentage of assets financed by
equity.
10. Current ratio is generally higher than quick ratio.
7.Accounts receivable turnover measures the number of days in the
company's average collections period.
8.All turnover ratios discussed in this chapter uses the net sales figure as
numerator
9. Debt to equity ratio measures the percentage of assets financed by
equity.
10. Current ratio is generally higher than quick ratio.
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Answer:
7. True
8. TRUE
9. FALSE
10 . TRUE
Explanation:
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