Question: f you you are interested in booth the efficiency and liquidity and collected the following data from XY company . Based on this data, what

f you you are interested in booth the efficiency and liquidity and collected the following data from XY company . Based on this data, what you can conclude?

items

2018

2019

2020

Days of inventory on hand

32

34

40

Days of sales outstanding

28

25

23

Number of days of payable

40

35

35

Management of payables has contributed to improved liquidity.

non is correct

Inventory management has contributed to improved liquidity.

C. Management of receivables has contributed to improved liquidity

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!