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Cobalt Corporation sells metal products to manufacturing companies. Cobalt has established terms with its customers that sales must be paid for in 30 days. It
Cobalt Corporation sells metal products to manufacturing companies. Cobalt has established terms with its customers that sales must be paid for in 30 days. It has the following values for selected ratios: Which of these possibilities is MOST LIKELY? Most of Cobalt's suppliers are being paid on time Cobalt's inventory levels are rising Cobalt's sales are falling Many of Cobalt's customers are not paying on time Cobalt has borrowed too much money from the bond market
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