Delta company has determined that, on average, it turns its receivables over 14.5 times per year.Last year its receivables turnover was 12.7.Calculate both year days in receivables, and indicate if this is a positive or negative trend.

Question

Quizplus · Accepted Answer

The Answer of Delta company has determined that, on average, it turns its receivables over 14.5 times per year.Last year its receivables turnover was 12.7.Calculate both year days in receivables, and indicate if this is a positive or negative trend.

Delta Company Has Determined That, on Average, It Turns Its