A debtor collection ratio of 30 days or 12 times means that: debtors are about twelve...
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A debtor collection ratio of 30 days or 12 times means that: debtors are about twelve times as big as creditors. the average debtor takes about one month to pay. O in any given month, twelve debtors are expected to pay in full. one-twelfth of debtors will turn out to be bad debts. A debtor collection ratio of 30 days or 12 times means that: debtors are about twelve times as big as creditors. the average debtor takes about one month to pay. O in any given month, twelve debtors are expected to pay in full. one-twelfth of debtors will turn out to be bad debts.
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Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
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