6 Debtor ratios. From the information set out below, calculate the average debtor days for Nirvana Food
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6 Debtor ratios. From the information set out below, calculate the average debtor days for Nirvana Food Products for both the current and previous years:
Current year (£) Previous year (£)
Trade debtors 373,247 315,960 Credit sales 4,265,684 3,791,720 Assume a 360 day year.
Based on your findings, what comments would you make to the owner of Nirvana Food Products?
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