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The deals with the concept that management is more concerned about their own jobs than the best interests of the owners. risk and return agency
The deals with the concept that management is more concerned about their own jobs than the best interests of the owners. risk and return agency issue competitive markets tax impact If the company's average collection period is longer the industry average, then the company may be: allowing its customers too much time to pay their bills too tough in collecting its accounts enforcing credit conditions upon its customers which are too strict both too tough in collecting its accounts and enforcing credit conditions upon its customers which are too strict The purpose of Liquidity ratios is short-term debt coverage management's success the use of outside debt financing asset efficiency
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