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    Accounting NZ
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    Exam 6: Analysis and Interpretation of Financial Statements
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    If the Turnover Period for Debtors Is 8
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If the Turnover Period for Debtors Is 8

Question 59

Question 59

Multiple Choice

If the turnover period for debtors is 8.1 times per annum, the average number of days it takes to collect cash from debtors is:


A) 45 days.
B) 81 days.
C) 295 days.
D) 60 days.

Correct Answer:

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