Match the Terms with the Definitions

Multiple Choice

Match the terms with the definitions.
-The length of time generally required for a business to buy inventory, sell it, and collect the cash.

A) selling expenses
B) quick assets
C) average days to sell inventory
D) book value
E) property, plant, and equipment
F) operating cycle
G) quick ratio
H) general expenses
I) gross profit
J) net sales
K) multiple-step income statement
L) inventory turnover
M) liquidity