Suppose the days sales in receivables ratio of Stratham Corp. increased from 33 days at January 1
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Suppose the days’ sales in receivables ratio of Stratham Corp. increased from 33 days at January 1 to 45 days at December 31. Is this a good sign or a bad sign about the company? What might Stratham Corp.’s management do in response to this change?
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The average collection period is the amount of time it takes for a business to receive payments owed by its clients in terms of accounts receivable AR ...View the full answer
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Rohit Garg
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