How ro solve this in details? ABC Company would like to evaluate...
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Accounting
How ro solve this in details? ABC Company would like to evaluate how efficient DEF Group is at collecting its trade accounts receivable on average during the fiscal year ended 31 March 2005. ABC has gathered the following information from DEF Group annual and interim reports: Trade receivables as of 31 March 2004 Trade receivables as of 31 March 2005 Revenue for year ended 31 March 2005 What DEF Group receivables turnover and number of days sales outstanding for the fiscal year 31 March US$ 1,230,944 US$ 851,337 US$22,554,678 2005
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