LMN reported the following 2014 data in 000's: LMN's average age of the receivables was (in days) : (Assume 360 days in a year)
A) 61 days.
B) 91 days.
C) 115 days.
D) 37 days.
E) None of these choices are correct.
Correct Answer:
Verified
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Q48: Vertical analysis is a(n):
A)Longitudinal comparison.
B)Industrial ratio.
C)Cross-sectional comparison.
D)Historical
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Q56: Common-size analysis is a(n):
A)Historical ratio.
B)Longitudinal comparison.
C)Cross-sectional comparison.
D)Industrial
Q57: STU reported the following ratios:
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