Question
Which one of the following statements is NOT true? DSO measures in days, the time the firm takes to convert its receivables into cash. One
Which one of the following statements is NOT true?
DSO measures in days, the time the firm takes to convert its receivables into cash.
One ratio that measures the efficiency of a firm's collection policy is days' sales outstanding.
The accounts receivables turnover ratio measures how quickly the firm collects on its credit sales.
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Personal Financial Planning
Authors: Lewis J. Altfest
2nd edition
1259277186, 978-1259277184
