Question

From the following information, calculate :
(i) Debtors Turnover Ratio
(ii) Creditors Turnover Ratio
(iii) Average Collection Period
Sales ₹8,75,000
Bills Receivable ₹48,000
Purchases ₹4,20,000
Creditors ₹90,000
Bills Payable ₹52,000
Debtors ₹59,000
(Ans. (i) 8.18 times, (ii) 2.96 times (iii) 45 days or 1.47 months)


Please solve it Fast

Answer 1

Answer:

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