Question 10 Which of the following about the days' sales uncollected ratio is false?Multiple ChoiceоOOOIt can be used for comparisons to other companies in the same industry.It can be used to determine if cash is being collected quickly enough to pay upcoming obligations.It is most effective in evaluating the cash sales of a company.It measures how much time is likely to pass before the current amount of accounts receivable is received in cash.It can be used for comparisons between current and prior periods.

Days sales uncollected is a Liquidity ratio that is used to determine number of days befire…

Answered: Which of the following about the days'…

Business

Accounting

Which of the following about the days' sales uncollected ratio is false?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Question 10

Which of the following about the days' sales uncollected ratio is false?
Multiple Choice
о
O
O
O
It can be used for comparisons to other companies in the same industry.
It can be used to determine if cash is being collected quickly enough to pay upcoming obligations.
It is most effective in evaluating the cash sales of a company.
It measures how much time is likely to pass before the current amount of accounts receivable is received in cash.
It can be used for comparisons between current and prior periods.

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