DEBTOR DAYS Definition

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DEBTOR DAYS is a ratio used to work out how many days on average it takes a company to get paid for what it sells. It is calculated by dividing the figure for trade debtors shown in its accounts by its sales, and then multiplying by 365.

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HIGH CREDIT is the most a debtor has ever charged with any one creditor.

LDC is Less-Developed Countries.

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