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Questions and Answers
What is the industry average for the credit period taken from suppliers in days?
What is the industry average for the credit period taken from suppliers in days?
- 53
- 23
- 70
- 47 (correct)
What is the quick ratio for Topple Co in terms of liquid assets per $1 of current liabilities?
What is the quick ratio for Topple Co in terms of liquid assets per $1 of current liabilities?
- $1.43
- $1.10
- $6.30
- $0.42 (correct)
What is the expected revenue generated by each $1 invested in working capital?
What is the expected revenue generated by each $1 invested in working capital?
- $6.30 (correct)
- $1.43
- $1.10
- $70
What is the main cause of Topple Co's long working capital cycle?
What is the main cause of Topple Co's long working capital cycle?
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What is the current ratio for Topple Co, and how does it compare to the industry average?
What is the current ratio for Topple Co, and how does it compare to the industry average?
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What is the significance of Topple Co paying its suppliers more quickly than the industry norm?
What is the significance of Topple Co paying its suppliers more quickly than the industry norm?
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