Match the term and the definition Terms 1. May provide some assurance that the company can pay its cred...
| Match the term and the definition | Terms | |||
| 1. | May provide some assurance that the company can pay its creditors in full and on time | Acid-test ratio | ||
| 2. | Should be interpreted with care | Current ratio | ||
| 3. | Computed by dividing quick assets by current liabilities | Working Capitl | ||
| 1. | Measures how quickly credit sales are converted to cash | Accounts receivable turnover ratio | ||
| 2. | Computed as 365 days divided by the accounts receivable turnover ratio | Operating cycle | ||
| 3. | Measures the elapsed time from when inventory is received from suppliers to when cash is received from customers | Average collection period | ||
Homework Answers
| 1 | May provide some assurance that the company can pay its creditors in full and on time | Working Capital |
| 2 | Should be interpreted with care | Current ratio |
| 3 | Computed by dividing quick assets by current liabilities | Acid-test ratio |
| 1 | Measures how quickly credit sales are converted to cash | Accounts receivable turnover ratio |
| 2 | Computed as 365 days divided by the accounts receivable turnover ratio | Average collection period |
| 3 | Measures
the elapsed time from when inventory is received from suppliers to
when cash is received from customers |
Operating cycle |
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Match the term and the definition Terms 1. May provide some assurance that the company can pay its cred...
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