(a) If accounts receivable are 95,000 and sales are 340,000, what is the accounts receivable/ sales ratio?...

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(a) If accounts receivable are £95,000 and sales are £340,000, what is the accounts receivable/ sales ratio?

(b) How many days does the average debtor take to pay?

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Frank Woods Business Accounting Volume 1

ISBN: 9781292084664

13th Edition

Authors: Alan Sangster, Frank Wood

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Question Posted: Mar 29, 2024 01:01 AM

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(a) If accounts receivable are 95,000 and sales are 340,000, what is the accounts receivable/ sales ratio?...

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a The accounts receivablesales ratio also known as the receivables turnover ratio is calculated by d...View the full answer

Frank Woods Business Accounting Volume 1

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