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Hi,
In instances where we are given either the receivables or payables days in times, how do l convert to days please?
If you’re asking what I think you’re asking, then you need to check how many days in a year the question is using. It will be either 365 or 360. If it doesn’t say, assume 365. Then divide this by the number given to you for receivables days. So for example if the question says receivables days 5 times, then the receivables days is 365 / 5 = 73 days.
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