W
Total Revenue from Operations
39,00,000; Cash revenue from
Operations Rs3,00,000;
Debtors 1,00,000; Bills
receivables 320,000. Trade
receivables Turnover Ratio will
Will
be
|
Answers
Answered by
0
Answer:
Trade receivables turnover ratio = Credit revenue from operations / Average trade receivables
Credit revenue from operations = Total - Cash revenue from operations
Credit revenue from operations = 39,00,000 - 3,00,000
Credit revenue from operations = 36,00,000
Trade receivables = Debtors + Bills receivable = 1,00,000 + 3,20,000
Trade receivables =4,20,000
Trade receivables turnover ratio = Credit revenue from operations / Average trade receivables
= 36,00,000 / 4,20,000
Explanation:
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