1. What does the average payment period measure? Please answer both.

9. What does the average payment period measure? When a firm's debt payments are due How long it takes for a firm's customers to pay their bills The time delay in paying a firm's suppliers How frequently workers receive a paycheck 10. Which type of ratio indicates the ability to meet short-term obligations to creditors as they mature, or come due? Profitability management ratios Liquidity ratios Market value ratios Financial leverage ratios