If accounts receivable are pound95000 and sales are, Financial Accounting

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If accounts receivable are pound95000 and sales are

1. (a) If accounts receivable are £95,000 and sales are £340,000, what is the accounts receivable/ sales ratio?

(b) How many days does the average debtor take to pay?

2. (a) If accounts payable are £55,000 and purchases are £232,000, what is the accounts payable/ purchases ratio?

(b) How many days does the business take on average to pay its creditors?

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Financial Accounting: If accounts receivable are pound95000 and sales are

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