opening latest 40000 cash received from debtors 250000 sales return 15000 closing letter 42,000 less provision for doubtful debts 2000 computer trade receivable turnover ratio from the following information
Answers
6.5 Times
Explanation:
Trade Receivable Turnover Ratio = Net Credit Revenue from operation
___________________________
Average Trade Receivable
= 267000
_________________________
41000
= 6.5 Times
Working Note:
Net Credit Revenue from operation = Cash Received from Debtors + sales
Return+ Closing Debtor -Opening Debtor
=250000+15000+42000-40000
=267000
Average Debtors = Opening Debtor + Closing Debtor
__________________________
2
=40000+42000
_________________
2
=41000
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