Trade receivables turnover ratio formula and interpretation
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The receivables turnover ratio is an activity ratio measuring how efficiently a firm uses its assets. Receivables turnover ratio can be calculated by dividing the net value ofcredit sales during a given period by the average accounts receivable during the same period.
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The receivables turnover ratio is an activity ratio measuring how efficiently a firm uses its assets. Receivables turnover ratio can be calculated by dividing the net value of credit sales during a given period by the averageaccounts receivable during the same period
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