Assume your company makes all of its sales on account and asks customers to pay within 30 days of receiving their invoic

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answerhappygod
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Assume your company makes all of its sales on account and asks customers to pay within 30 days of receiving their invoic

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Assume Your Company Makes All Of Its Sales On Account And Asks Customers To Pay Within 30 Days Of Receiving Their Invoic 1
Assume Your Company Makes All Of Its Sales On Account And Asks Customers To Pay Within 30 Days Of Receiving Their Invoic 1 (15.98 KiB) Viewed 9 times
Please solve the question if you are completely sure about thesolution, otherwise I will downvote it.
Thanks.
Assume your company makes all of its sales on account and asks customers to pay within 30 days of receiving their invoice. Your company's calculated Days' Sales in Receivables is 40 days. Is the ratio "good" or "bad"? Explain.
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