Marlin’s wholesale reported its sales in the year ended 30 June 2012 as £511,000.

(a) If her trade receivables on 30 June 2012 were £63,000, calculate her receivable days.

(b) If her receivable days are calculated to be 63 days, ascertain her trade receivables as at 30 June 2012.

(c) If in the year ended 30 June 2013 the sales are expected to increase by 20%, while receivable days remain 63, ascertain the trade receivables as at 30 June 2013.

(d) If her sales in the year ended 30 June 2013 are expected to be 10% lower than those in the previous year and if one-sixth of these sales remain outstanding by that year-end, ascertain the receivable days.

Transcribed Image Text:

x 60 days y 45 days z 30 days