A reduction in the number of sellers will shift the supply curve to the right. Please select the best answer from the choices pr
2 answers:
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Answer:
Indicates how many times the receivables were converted into cash during the year.
Explanation:
Accounts receivables turnover ratio or Debtor Turnover Ratio(DTR) depicts the number of times a business's receivables are converted into cash within a period.
The ratio is computed as follows:
wherein, Average Accounts Receivables =
wherein, Op. = Opening
Cl. = Closing
The ratio depicts how often a firm receives the money due from it's debtors during a period and represents how frequently debtors make payments, represented by average collection period which is computed as follows:
=