A company has debtors in its year-end balance sheet of 218 603. Sales for the year were
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A company has debtors in its year-end balance sheet of £218 603. Sales for the year were £1 703 698; 70% of these were sales on credit. Debtor turnover in days Is:
a) 46.8 days
b) 32.7 days C) 66.9 days
d) 18.3 days.
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Related Book For
Financial Accounting For Non Specialists
ISBN: 9781844802050
2nd Edition
Authors: Catherine Gowthorpe
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