Calculate Trade Receivables Turnover Ratio from the following:
Cash Revenue from Operations (Cash Sales)
Credit Revenue from Operations (Credit Sales)
Opening Trade Receivables
Closing Trade Receivables
3,40,000
6,00.000
75,000
1,25,000
Answers
Answered by
0
Answer:
trade receivable turnover ratio=
net credit sales/ average trade receivable
average trade receivable=opening + closing /2
= 75000+125000/2
=200000/2=100000
ratio = 600000/100000=6;times
Similar questions