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28-08-2020
Business

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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.)

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sadddamkashmiri801 sadddamkashmiri801

31-08-2020

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

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