The process by which interest on an investment accumulates and then earns interest itself for the remainder of the investment period is called ________

You must pay income tax on ____________ bonds

Fill in the blank(s) with the appropriate word(s).

The industry average receivables collection period:

Mary Gonzales is evaluating companies in the office supply industry and has compiled the following information: 20X1 20X2 Company Credit Sales ($) Average Receivables Balance ($) Credit Sales ($) Average Receivables Balance ($) A 5.0 million 1.0 million 6.0 million 1.2 million B 3.0 million 1.2 million 4.0 million 1.5 million C 2.5 million 0.8 million 3.0 million 1.0 million D 0.5 million 0.1 million 0.6 million 0.2 million Industry 25.0 million 5.0 million 28.0 million 5.4 million A. increased from 20X1 to 20X2. B. decreased from 20X1 to 20X2. C. did not change from 20X1 to 20X2.