Exam Question
The level of accounts receivable for the firm
- 1. should be judged based on historical standards of industry norms
- 2. should be judged as to whether the return earned on A/R equals or exceeds the potential gain from other investments
- 3. is irrelevant as long as sales are increasing
- 4. is not the concern of the financial manager
View Answer
Answer 2. should be judged as to whether the return earned on A/R equals or exceeds the potential gain from other investments
Practice set and Exam Quiz
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