Accountancy, asked by sanachoudhary0210, 4 months ago

from the following calculate trade receivable turn over ratio
total sales (Net) 175000
cash sales 20% of total sales
sales Return Of out credit sales
Sunday debtors
opening balance 8000
closing balance 12000

Answers

Answered by sangeeta9470

1

Answer:

trade receivable turnover ratio

=. net credit sale/average debtors

credit sale = total sale - cash sale

= 175000 - (175000×20%)

= 175000- 35000

=140000

average debtor = opening +closing / 2

= 8000+12000/2

= 10000

ratio= 140000/10000

= 14 times

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