Question

Calculate Debtors Turnover Ratio from the following:
Total Sales for the year ₹6,00,000.
Credit Sales : 70% of Total Sales
Sales Returns (4/5th out of Credit Sales) ₹25,000.
Opening Debtors ₹36,625.
Closing Debtors ₹43,375.
[Ans. Debtors Turnover Ratio 10 times)

Please solve it !!!

Answer 1

Explanation:

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