accounts receivable turnover

The average collection period (ACP) of a company refers to the average number of days it takes to convert receivables into cash. It's also known as days sales outstanding. In other words, it's the average number of days company’s customers/clients takes to pay their bills or number of days taken by the company to collect invoiced amount from customers. Average collection … [Read more...] about How to calculate average collection period Ratio – ACP