Survey of Accounting (Accounting I)
Solutions
Survey of Accounting (Accounting I)
Why would the accounts receivable turnover ratio he different between Wal-Mart (WMT) and Procter & Gamble (PG)?
Concept Introduction:
Accounts receivable turnover ratio:
This is an efficiency ratio that indicates the conversion of the accounts receivable into cash. This ratio is calculated by dividing the Net credit Sales by the Average accounts receivable. The formula to calculate this ratio is as follows:
To Indicate:
The reason of difference in Accounts receivable turnover ratio of both the companies.
Accounts receivable turnover ratio is an efficiency ratio that indicates the conversion of accounts receivable into cash. This ratio is calculated by dividing the Net credit Sales by the Average accounts receivable...
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