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Amount in millions A/R Net Credit Sales August 30, 2020 1,550 163,220 Sept 1, 2019 1,535 149,351 Sept 2, 2018 1,669 138,434 Sept 3, 2017
Amount in millions | A/R | Net Credit Sales |
August 30, 2020 | 1,550 | 163,220 |
Sept 1, 2019 | 1,535 | 149,351 |
Sept 2, 2018 | 1,669 | 138,434 |
Sept 3, 2017 | 1,432 | 126,172 |
Calculate the receivable turnover ratio for all of these years and provide a clear interpretation and explanation of some of the causes.
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