Which measure of days' sales in receivables are preferable, 30 or 40? Give your reason.

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Horngrens Accounting Volume 1

ISBN: 9780135359709

11th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

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Question Posted: Mar 31, 2017 03:32 PM

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Which measure of days' sales in receivables are preferable, 30 or 40? Give your reason.

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Thirty days sales in receivables are preferable to 40 days because the c...View the full answer

Horngrens Accounting Volume 1

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