- This topic has 3 replies, 2 voices, and was last updated 9 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
The task :
Cherry Ltd sells books over the internet.
Attached is information relating to last year (click to enlarge).
Assuming 365 days in a year,
(d) Calculate the receivables days (to the nearest day) (1 mark)
Cherry Ltd information:
Sales (all on credit) Purchases on credit Operating profit Capital employed Average receivables Average payables $500,000
$200,000
$40,000
$200,000
$30,000
$16,000
Number of books sold 60,000
Number of books returned 1,200 Number of on-time deliveries 58,200 Number of website visits 6,000,000Receivables days = receivables/sales x 365 days
Have you watched my free lectures? Our lectures are a complete free course for Paper F2 and cover everything needed to be able to pass the exam well.
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.