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An analyst is interested in assessing both the efficiency and liquidity of Sphere PLC. The analyst has collected the following data for Spherion: FY3
An analyst is interested in assessing both the efficiency and liquidity of Sphere PLC. The analyst has collected the following data for Spherion: FY3 FY2 FY1 Days of inventory on 40 34 30 hand Days sales outstanding 23 25 28 Number of days of payables 40 35 35 Based on this data, what is the analyst least likely to conclude? a) Inventory management has contributed to improved liquidity. b) Management of payables has contributed to improved liquidity. c) Management of receivables has contributed to improved liquidity.
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
133428532, 978-0133428537
