Accounting 9706 · AS & A Level · Analysis and communication of accounting information

Analysis and communication of accounting information — practice question

At the end of its first year of trading, a company gave the following figures: cash sales $9000 credit sales $27000 receipts from credit customers $24000 trade receivables at year end $4100 What was the trade receivables turnover?

  • A42 days
  • B46 days
  • C56 days
  • D63 days

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