Samson Ltd reported $400 million in credit sales in 2012-2013 and 2013-2014.Average debtors dropped from $50 million
Question:
Assuming 220 trading days each year, how has debtors turnover changed?
Explain why this might have occurred?
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Av credit sales 400 m 220 181 m ACP Av debtors Av c...View the full answer
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Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730302414
4th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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