Question
Days' cash on hand of 52 would be considered a.adequate for most businesses. b.too high and an indication that the company is not returning profits
Days' cash on hand of 52 would be considered a.adequate for most businesses. b.too high and an indication that the company is not returning profits back to owners. c.too high and an indication that the company is not investing profits back into the business. d.too low and would be a cause for concern for creditors.
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Accounting Systems
Authors: Ronald W. Hilton, David E. Platt
10th Edition
1308172486, 978-1308172484
