Plz help! TSC DEC 08 Q1

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    abidfatima5
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    In question 1 of DEC08 the sentinel company TSC Please explain the calculations of Debtors and revenue in excess of 60 days? I feel thoroughly confused..:(


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    gromit
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    Have you looked here?


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    clairr
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    1st get debtors total. this is got from : debtors days = bal of debtors/ revenue x 365 days (52 weeks in a year).
    e.g for D,=average debtors / revenue x 52 weeks
    5.8 = y/15000 x52
    =1673 debtors days less1300 less321
    =debtors more than 60 days = 52


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    abidfatima5
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    Thanks!: D


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    clairr
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    Got it? ure welcome.


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    abidfatima5
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    Yes finally got it…it’s been ages since F5 hence I’ve forgotten all of it

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