Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

The information below is given at the close of Savid’s first year of trading: - Amount due from credit customers: $\$9\,600$ - Amount due to credit suppliers: $\$12\,800$ Yearly total sales are $\$220\,000$, and cash sales account for $\$24\,000$ of this. What is the trade receivables turnover in days?

  • A16 days
  • B18 days
  • C21 days
  • D22 days

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