Answered: If sales is 1600,000 rupees and account…

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If sales is 1600,000 rupees and account receivable is 336000 dollar what will be receivable turnover?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter22: Providing And Obtaining Credit

Section: Chapter Questions

Problem 2MC

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Question

If sales is 1600,000 rupees and account receivable is 336000 dollar what will be receivable turnover?

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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