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The receivable turnover is expressed in terms of a- days b- a percentage c- dollars d- times e- years?

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Question added by Said Shaban , Accountant , Tri State Materials Testing
Date Posted: 2015/07/28
Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Correct answer is times thank you

Zehab Osman
by Zehab Osman , Accountant , Aldar Consultancy Co.

D----------------------------------------------------------

Michael Lagunday
by Michael Lagunday , Accounts Assistant , Invest Group Overseas LLC

My answer is D. Times.

 

Receivable turnover is the number of times the receivable is collected within a year. This means that when the computed receivable turnover is12, receivables are collected once every thirty days . 

Joseph Sarafa
by Joseph Sarafa , Accountant , Rhedsoul1610 Nigeria Limited

It is expressed in terms of percentage

 

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