A wholesaler was considering supplying three retailers, but inventory shortages have forced him to select only one retailer. Wholesaler’s credit manager is evaluating the credit record of three retailers. Over the past 05 years, data reveals these retailers’ accounts receivables following average number of days: Lee: 62.2 61.8 63.4 63.0 61.7 Bee: 62.5 61.9 62.8 63.0 60.7 Chee: 62.0 61.9 63.0 63.9 61.5 The credit manager feels that consistency, in addition to lowest average, is important factor in deciding the best retailer. Which retailer should be selected by the credit manager for the supply of inventory?
A wholesaler was considering supplying three retailers, but inventory shortages have forced him to select only one retailer. Wholesaler’s credit manager is evaluating the credit record of three retailers. Over the past 05 years, data reveals these retailers’ accounts receivables following average number of days: Lee: 62.2 61.8 63.4 63.0 61.7 Bee: 62.5 61.9 62.8 63.0 60.7 Chee: 62.0 61.9 63.0 63.9 61.5 The credit manager feels that consistency, in addition to lowest average, is important factor in deciding the best retailer. Which retailer should be selected by the credit manager for the supply of inventory?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A wholesaler was considering supplying three retailers, but inventory shortages have forced him to select only one retailer. Wholesaler’s credit manager is evaluating the credit record of three retailers. Over the past 05 years, data reveals these retailers’ accounts receivables following average number of days:
Lee: 62.2 61.8 63.4 63.0 61.7
Bee: 62.5 61.9 62.8 63.0 60.7
Chee: 62.0 61.9 63.0 63.9 61.5
The credit manager feels that consistency, in addition to lowest average, is important factor in deciding the best retailer. Which retailer should be selected by the credit manager for the supply of inventory?
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