Last Minute Help (1 Viewer)

[DannyT23]

how do u caculate the acc. receievable turnover ratio.. everywhere i look i get a differnt answer


thanks guys

 

[zedzed]

accounts receivable/average sales per day (measured in days)

 

[egarrz]

im led to believe its: credit sales / average accounts receivables = no. of times per year.

so divide 365 by the figure and that is however many days the business collects money