Find the length of the receivables conversion period


Last year Bizmart had credit sales of $32 million and a net profit margin of 8%. If Bizmart had accounts receivable of $4.5 million, what was the length of the receivables conversion period?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Find the length of the receivables conversion period
Reference No:- TGS0674250

Now Priced at $5 (50% Discount)

Recommended (98%)

Rated (4.3/5)