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Make a report if any changes are needed in the credit policy

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Problem - X Ltd is concerned about the increasing level of sundry receivables. The company has a policy of giving 45 days credit to the customers. All the sales are on credit basis. The information about yearly sales and year end debtors is given as follows.

Year

Sales (Million)

Debtors (Million)

2013

250

60

2014

325

80

2015

400

96

Required - On the basis of your calculation make a report if any changes are needed in the credit policy of the company.

Reference no: EM132830279

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