debtors in beginning - rs 36,000 , debtors at the end - rs 42,000 , credit sales during the year - rs 1,95,000. calculate debtors turnover ratio.
Answers
Answered by
1
debtor turnover ratio :=
credit revenue from operations/ average trade receivables
195000/*39000 = 5 Times
*average trade receivables={opening + closing}/2
=( 36000+42000)/2
=39000
Similar questions