Questions 16,17

The highest tier of ethical decisions, which entails a greater ethical commitment on the part of the decision-maker, is to obey the law consider whether the well-being of affected parties would be enhanced even if it requires a sacrifice by the decision-maker obey the law as well as cultural mores consider whether the action would benefit both parties and be prudent, sound, and wise The shows the proportion of each month s trade credit obligations that are outstanding at month s end. payables turnover ratio payables balance fractions days purchases out standing days of cost of goods sold held In Inventory