Question
This is for my FIN/375 class. The average collection period ratio is defined as shown below: Accounts Receivable/ (Sales/365) It shows how many days on
This is for my FIN/375 class.
The average collection period ratio is defined as shown below:
Accounts Receivable/ (Sales/365)
It shows how many days on average, it takes to collect your receivables
If your average collection period was 30 days last year and it is now 45 days, what does that imply? What is happening to your cash position?
I need help with this question.
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Auditing
Authors: Allan Millichamp, John Taylor
9th Edition
1844809404, 978-1844809400
