Accountancy, asked by aboobackermc, 10 months ago

Gross profit ratio 20% on sales. Total gross prolīt Rs. 1,00.000. Cash sales Rs. 1,20,000. Average debtors Rs. 95,000. Calculate debtors turnover ratio :

Answers

Answered by pareekabhimanyu33

2

Answer:

4 Times

Explanation:

Debtor Turnover Ratio = Net Credit Sales / Average Debtors

Debtor Turnover Ratio = 380,000 / 95,000 = 4 Times

Sales = GP/0.20 = 100,000/0.20 = 500,000

Net Credit Sales = Total Sale - Cash Sale = 500,000 - 120,000 = 380,000

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