Homework Answers
ANSWER 21- OPTION A
EXPLANATION
THE FIRST STATEMENT IS NOT TRUE BECAUSE HIGH RECEIVABLE TURNOVER RATIO IMPLIES MORE EFFICIENT COLLECTION,THIS MEANS THAT COMPANY HAS HIGHER PROPOSITION OF THOSE CUSTOMERS WHICH PAY THERE DEBTS QUICKLY OR IT ALSO IMPLIES THAT COMPANY MOSTLY RUN ON CASH BASIS.
ANSWER 22-OPTION A
EXPLANATION
PURCHASE INVENTORY IS A PART OF OPERATING ACTIVITY
PAYMENT OF CASH DIVIDEND IS PART OF FINANCING ACTIVITY
PURCHASE OF EQUIMENT WILL BE A PART OF INVESTING ACTIVITY
PURCHASE OF INVESTMENT WILL BE A PART OF INVESTING ACTIVITY
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QUESTION 21 Hulkster Company has a receivables turnover ratio of 5.00 for the year 2020. Which...
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using the following financial ratios how the company financial
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using the following financial ratios how the company financial
feasibility and give the suggestions for future growth.
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only question b please.
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only question b please.
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