Sales to customers in which the customers pay within 30 to 60 days are referred to as credit sales and sales on account.
Receivables turnover ratio is the name of an accounting metric that measures how well a business collects its accounts receivable. This ratio assesses the efficiency with which a business uses and manages the credit it lends to consumers, as well as the speed at which short-term debt is collected or paid.
Accounts receivable Turnover Ratio: An efficient company has a higher ratio whereas an inefficient company has a lower ratio. This indicator is frequently used to compare businesses in the same sector in order to determine whether they are on par with their rivals.
To learn more about Receivables turnover ratio here
https://brainly.com/question/27523896
#SPJ4
