Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

Lynne supplied the details below for her trading business: for the year ending $31$ August $2023$: revenue: cash sales: $250000$ credit sales: $230000$ on $31$ August $2023$: trade receivables: $19530$ other receivables: $2100$ What was Lynne’s trade receivables turnover?

  • A$15$ days
  • B$17$ days
  • C$31$ days
  • D$35$ days

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