Question
Trying to calculate 2020 and 2019 receivables turnover ratios for a company, but their AR is negative. How do I use negative numbers in this
Trying to calculate 2020 and 2019 receivables turnover ratios for a company, but their AR is negative. How do I use negative numbers in this equation?
2020 AR - (6.8) ; 2020 Sales - 76.3
2019 AR - 27.0 ; 2019 Sales - 340.8
2018 AR - (479.4) ; 2018 Sales - 530.8
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Advanced Financial Accounting
Authors: Theodore Christensen, David Cottrell, Cassy Budd
12th Edition
1260165116, 9781260165111
