Question

revenue from operations(net sales) 120000, debtors 12000, bills receivable 8000. calculate trade receivables turnover ratio.​

Answer 1

Answer:

0.16667

Explanation:

Trade receivables= debtors+bills receivable

TR=12000+8000

TR= 20000

Trade receivable turnover ratio=TR/TO

TRTOR=20000/120000

TRTOR=0.16667