The Courage to Be Profitable by King Ruth;

Author:King, Ruth;
Language: eng
Format: epub
Publisher: Morgan James Publishing

Receivable Turns

The next two ratios are receivable turns and receivable days. I look at these two ratios together, because receivable turns don’t mean too much to me in an intuitive sense. I can “see” receivable days. I know that the receivable days are the number of days between the time your company sends out an invoice and receives payment for that invoice.

These ratios measure how efficiently the company collects its receivables. The turns are calculated on annual sales. Calculate this ratio by using both the income statement and the balance sheet. It is calculated:

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