Question:Why is "day's sales in Accounts Receivable" important to calculate? 

A It tells you the total day's sales that were made 
B It is required by the SEC for all public companies 
C It indicates the company's overall financial health 
D It makes comparison with prior results possible to see improvements or non improvements, and lets a company know how long people are taking to pay on average 

+ Answer
D 

+ Explanation
answer not sure

+ Report

Md. Habib Ullah

Editor, VCampus

Your Name

Your Email

Type of Report
Spelling MistakeIncorrect AnswerGrammar MistakeContent MissingImproper Text FormatInsufficient AnswerDuplicate QuestionImproper Sentence StructureImproper Equation/FormulaOther

Description