Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

Jimmy recorded credit sales of $98550 in both 2021 and 2022. During 2022, his trade receivables turnover was exactly two days less than it had been in 2021. What was the difference in his total trade receivables in 2022?

  • A$135 decrease
  • B$135 increase
  • C$540 decrease
  • D$540 increase

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