The accounts receivable turnover can be expressed in terms of days instead of times per year. Turnover in number of days also gives a comparison with the number of days’ sales in the ending receivables.
The accounts receivable turnover in days also results in an answer directly related to the firm’s
credit terms. Compute the accounts receivable turnover in days as follows:
The accounts receivable turnover in days also results in an answer directly related to the firm’s
credit terms. Compute the accounts receivable turnover in days as follows:
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