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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..:(
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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