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Turnover

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Turnover

  • This topic has 2 replies, 2 voices, and was last updated 11 months ago by Sourav9271.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • July 8, 2021 at 9:36 am #627212
    Sourav9271
    • Topics: 157
    • Replies: 103
    • ☆☆☆

    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

    July 8, 2021 at 4:52 pm #627235
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 49602
    • ☆☆☆☆☆

    Yes (but check that the question does not say ‘assume 360 days in a year’ as it sometimes does 🙂 )

    July 8, 2021 at 6:16 pm #627245
    Sourav9271
    • Topics: 157
    • Replies: 103
    • ☆☆☆

    Yes sir I always try to be prudent with number of days due to your emphasis.

    Thanks alot for confirmation. 🙂

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