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QUESTION 16 All of the following are true of the number of days' sales uncollected ratio except o Can be used for comparisons between current

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QUESTION 16 All of the following are true of the number of days' sales uncollected ratio except o Can be used for comparisons between current and prior periods. O Can be used for comparisons to other companies in the same industry. O Is most effective in evaluating the cash sales of a company O Reflects the liquidity of receivables. o Measures how much time is likely to pass before the current amount of accounts receivable is received in cash

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