Accountancy, asked by laxmansunilki, 1 day ago

27. Calculate working capital turnover ratio from the following information Sales Rs. 2,87,500 Sales returns Rs. 7,500 Current assets Rs. 1,00,000 Current liabilities Rs. 60,000

Answers

Answered by Supriyachakraborty02

0

Answer:7

Explanation:Formula of working capital= net sales ÷ working capital

net sales = sales - sales return

= 287500- 7500

= 280000

working capital= current assets - current liability

=100000 - 60000

= 40000

Therefore,

working capital turnover ratio=

280000÷40000

= 7:1

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