INDEX OF LEADING ECONOMIC INDICATORS Definition

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INDEX OF LEADING ECONOMIC INDICATORS is compiled by the U.S. Commerce Department and is a composite of 12 economic measurements.

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ACCOUNTS PAYABLE TO SALES measures the speed with which a company pays vendors relative to sales. Numbers higher than typical industry ratios suggest that the company is using suppliers assets (cash owed) to fund operations.

RECEIPT is a written acknowledgment that a specified article, sum of money, or shipment of merchandise has been received.

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