$$\begin{array}{l}
\begin{array} {lll }
&£\
\text {Trade receivales}&72,00\
\text {prepayments}&30,000\
\text {Cash sales}&328,500\
\text {Credit sales}&547,500\
\end{array}
\end{array}$$ Based on the above figures, what are the receivables days?

Question

$$\begin{array}{l}
\begin{array} {lll }
&£\ 
\text {Trade receivales}&72,00\
\text {prepayments}&30,000\
\text {Cash sales}&328,500\
\text {Credit sales}&547,500\
\end{array}
\end{array}$$ Based on the above figures, what are the receivables days?

Quizplus · Accepted Answer

Receivables days = (Trade receivables / Credit sales) * 365 = (72,000 / 547,500) * 365 ≈ 48.00 days.

Based on the Above Figures, What Are the Receivables Days