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Artist 52 [7]
2 years ago
14

What is the formula for the receivables turnover ratio?.

Business
1 answer:
SOVA2 [1]2 years ago
8 0

The formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.

<h3>What is receivable turnover ratio?</h3>

The receivable turnover ratio is what measure the number of times over a given period that a company collects its average account.

It is the number of times per year that a business collects its average accounts receivable.

Hence, the formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.

Learn more about receivables turnover ratio here : brainly.com/question/24849094

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8 0
2 years ago
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I think it is D but not 100% sure


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3 years ago
Bruce borrowed $1,000 for his trip. If Bruce waits for five years to begin paying back his loan, how much will he owe?
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7 0
3 years ago
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The following are budgeted data for the Bingham Corporation, a merchandising company:
soldi70 [24.7K]

Answer:

The correct answer is B.

Explanation:

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4 years ago
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