Possible reasons for the difference in the two ratios computed in (a) and (b) include:
1. Casi...
Business, 23.03.2020 21:40, zitterkoph
Possible reasons for the difference in the two ratios computed in (a) and (b) include:
1. Casino operators historically lose money on operations.
2. Casino operators have larger accounts receivable.
3. Individuals who may have adequate creditworthiness could overextend themselves and lose more than they can afford if they get caught up in the excitement of gambling.
4. Casino operations experience greater bad debt risk because it is difficult to control the creditworthiness of customers entering the casino.
Answers: 3
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