Homework Clinic
Social Science Clinic => Accounting => Topic started by: tsand2 on Feb 19, 2020
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If Accounts Receivable turnover is 10.4, this means that from the date of:
◦ invoice to the date of payment is approximately 35 days.
◦ purchase to the date of payment is approximately 35 days.
◦ sale to the date of receipt of payment is approximately 35 days.
◦ discount to the date of receipt of payment is approximately 35 days.
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sale to the date of receipt of payment is approximately 35 days.