Question: For the following two situations, select the statement that would be most helpful in managing cash in each situation which is consistent with effective cash

For the following two situations, select the statement that would be

For the following two situations, select the statement that would be most helpful in managing cash in each situation which is consistent with effective cash management techniques. Situation 1: The accounts receivable turnover ratio is 7.9 compared to the industry average of 9.5. We offer our credit customers sales terms net 45. Situation 2: A few of our suppliers are unhappy because some checks we issued have been returned marked NSF. We feel that we have enough money in the bank account

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