Question

The accounts receivable turnover ratio for a merchandiser is 9.9 times. Calculate the​ days' sales in receivables for the merchandiser.​ (Round your answer to the nearest​ day.)

Answer 1

Answer:

36.86 days

Explanation:

As we know that

Accounts Receivable Days = 365 / Accounts receivable Turnover ratio

Here

Accounts receivable Turnover ratio is 9.9

By putting values, we have:

Accounts Receivable Day = 365 / 9.9 = 36.86 days