Accounts Receivable Turnover

[Arabian]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Mobi</i>
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Information Consultant</i>
<br />What is the answer pls tell me
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">


both ansers r rong. d corect is as

net sales/(net rcvabls + nots recvables) = Rcvabl turnover in times

889700/(52900+492000) = 1.62 times

n if u want to turnover in days so u wil get by

365/in times OR (net rcvabls + nots rcvabls)/net sales x 365

365/1.62 = 223 days


<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Mobi Brother You have taken notes recieveable as 492000,which is the amount for Assets,