HORNGREN'S M&F ACCT LL/W TCC CODE >IC<
HORNGREN'S M&F ACCT LL/W TCC CODE >IC<
6th Edition
ISBN: 9781323791950
Author: MILLER-NOBLES
Publisher: PEARSON
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Chapter 15, Problem 6QC
To determine

Days’ sales in receivable: It is financial ratio used to measure the number of days the company uses to collect the accounts receivables. Use the following formula to calculate days’ sales in receivable:

Days' sales  in receivable=365daysAccounts receivables turnover ratio 

The days sales in receivable

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HORNGREN'S M&F ACCT LL/W TCC CODE >IC<

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