Question
Based on the following information about Company X, which is true? A/P Turnover: 30 Total Asset Turnover: 5 Days Payable Outstanding: 12 Times Interest Earned:
Based on the following information about Company X, which is true? A/P Turnover: 30 Total Asset Turnover: 5 Days Payable Outstanding: 12 Times Interest Earned: 15 Debt/Equity: 3.2
A) Company X has more equity than debt
B) Company X pays bills in 30 days
C) Company X pays interest in 15 days
D) Company X generates $5 in sales per dollar invested in assets
E) Company X pays bills in 5 days
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Corporate Finance For Dummies
Authors: Michael Taillard
2nd Edition
1119850312, 978-1119850311
