The financial records of Del Ltd reveal the following at 30 June 2016:
If Del Ltd reduces the number of days' sales in receivables to 37.5, what will be the new accounts receivable turnover?
A) 6 times p.a.
B) 9.7 times p.a.
C) 12 times p.a.
D) 8 times p.a.
Correct Answer:
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