Question

75. Following figures have been obtained from the books of Pawan Roadways

Ltd

2016

36,00,000

ope s.40,000

6,60,000

6,50,000

2017

9,40,000

Revenue from Operations (Sales) (at Gross Profit of 25%)

Trade Receivables on 1st January

Trade Receivables on 31st December

Inventory on Est January

Inventory on 31st December

Calculate the Trade Receivables Turnover Ratio. Also Calculate Inventory Turnover Ratio. Give necessary Comments.

Ans. 2016: Trade Receivables Turnover Ratio 6 times:

2017: Trade Receivables Turnover Ratio 7.5 times: Inventory Turnover Ratio in 2016 4 Times; in 2017 5.29 Times.​

Answer 1

Answer:

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