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debtors in beginning - rs 36,000 , debtors at the end - rs 42,000 , credit sales during the year - rs 1,95,000. calculate debtors turnover ratio. |
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Answer» turnover ratio := CREDIT revenue from operations/ average trade receivables 195000/*39000 = 5 TIMES*average trade receivables={opening + CLOSING}/2 =( 36000+42000)/2 =39000 |
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