Question 3(b)
[Maximum number: 2]
Refer to Table 1.1. Calculate the trade receivables turnover (days).
CAIE A-Level Business Financial Efficiency Ratios
Review CAIE A-Level Business financial efficiency ratios through receivables turnover calculations, inventory turnover, payables days and improvement methods.
How this is tested
- calculate trade receivables turnover days from receivables, credit sales and 365 days