Question
Delta company has determined that, on average, it turns its receivables over 14.5 times per year. Last year its receivables turnover was 12.7. Calculate both
Delta company has determined that, on average, it turns its receivables over 14.5 times per year. Last year its receivables turnover was 12.7. Calculate both year days in receivables, and indicate if this is a positive or negative trend.
Current year days in receivables? .
Previous year days in receivables?
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Financial Accounting A Critical Approach
Authors: John Friedlan
3rd Edition
0070967601, 978-0070967601
