3.6 Glossary of key terms
Unit 3.6 Glossary of key term - Efficiency ratios (HL only) Key term Definition (HL only) Bankruptcy Sometimes referred to receivership or corporate liquidation, this means a situation when a person or business declares that they can no longer pay back their debts, so the entity collapses (fails). Creditor days ratio The efficiency ratio that measures the average number of days an organization takes to repay its...