AAT Cash & Treasury Management Exam - Calculating Trade Receivable and Trade Payable Amounts

Christian Hill

Hi

Please can somebody kindly tell me the formula for calculating the Trade Receivable and Trade Payable amounts rather than the days for these?
I failed my first attempt on CTRM by 4% in August which was so frustrating as I really thought I had done enough, however I have my resit for it this coming Tuesday so hopefully second time lucky!
One of the questions I know I got wrong in the exam was where the number of Trade Receivable and Trade Payable days were provided and you were asked to calculate the amounts for these but I honestly did not have a clue of the formula to answer this correctly!
Any advice for this would be greatly appreciated and would be a great help in time for my exam resit on Tuesday!

Cheers

Christian