SOLUTION: A company has a current accounts receivable balance of Br. 392,164. Credit sales for the year just ended were Br. 2,105,620. What is the receivables turnover? How long did it take
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Question 1140486: A company has a current accounts receivable balance of Br. 392,164. Credit sales for the year just ended were Br. 2,105,620. What is the receivables turnover? How long did it take on average for credit customers to pay off their accounts during the past year? (Assume 365 days in a year for this question) Answer by ikleyn(52787) (Show Source):
