Sir,
If I have any turnover ex: receivables,
Payables or inventory.
Ex: 12 times
How to convert it to days.?
Can I get it by 365/ turnover (12)
A yes/no answer will work.Since I just wanted to confirm
Ask the Tutor ACCA FM
Turnover
5y ago#1Yes (but check that the question does not say 'assume 360 days in a year' as it sometimes does :-) )
Yes sir I always try to be prudent with number of days due to your emphasis.
Thanks alot for confirmation. :-)
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