Jacksons Moonshine LLC has a receivables collection period of 47 days. Which the following would be reasonable
Question:
Jackson’s Moonshine LLC has a receivables collection period of 47 days. Which the following would be reasonable conclusions?
a. Jackson’s Moonshine LLC is most likely experiencing serious liquidity issues.
b. Jackson’s Moonshine LLC is most overinvested in marketable securities.
c. If the industry average is 31 days, Jackson’s management should attempt strategies that will lower their receivables collection period.
d. If the industry average is 53 days, Jackson’s management should attempt strategies that will raise their receivables collection period.
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c If the industry average is 31 days Jacksons management should attempt strategies that ...View the full answer
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