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Question 3: Trade Receivables (5 Marks) Baker Ginger Ltd sells on credit terms of net 25. Its accounts are, on average, nine days past due
Question 3: Trade Receivables (5 Marks) Baker Ginger Ltd sells on credit terms of net 25. Its accounts are, on average, nine days past due Calculate the following: 3.1 Calculate the average collection period. 1 marks Calculate the receivables turnover period. 1 marks 3.3 If annual credit sales are R8 million, calculate the accounts receivable balance in the balance sheet? 2 marks Which report is used by companies to manage the debtors? 1 mark 3.2 3.4
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