Accounts receivable mber of days of receivables 750 751 754 76 Sales on credit /365 15 17 19

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2016
2017
2018
2019
1. What this ratio tells us about?
Number of days of
Accounts receivable
750 £
751
754 £
765
receivables
Sales on credit /365
17 £
2. Do you like the situation in this company?
15
19
21
50.00 days
44.18 days
39.68 days
36.43 days
3. What are your recommendationd to improve the situation?
Transcribed Image Text:2016 2017 2018 2019 1. What this ratio tells us about? Number of days of Accounts receivable 750 £ 751 754 £ 765 receivables Sales on credit /365 17 £ 2. Do you like the situation in this company? 15 19 21 50.00 days 44.18 days 39.68 days 36.43 days 3. What are your recommendationd to improve the situation?
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