Question
The owner of TechTronics Ltd has asked you to calculate the Average Debtors Turnover Period. You have found that total sales were on credit and
The owner of TechTronics Ltd has asked you to calculate the Average Debtors Turnover Period.
You have found that total sales were on credit and totalled $377307, Cost of Goods Sold was $195731. The average inventory balance for this year was 48771, average debtors balance was 24795 and average total assets is $117220.
The average debtors turnover period in days equals
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Financial Accounting In An Economic Context
Authors: Jamie Pratt
3rd Edition
0538855843, 978-0538855846
