Numerical - Calculate debtors turnover ratio for given closing & opening debtors.
Q. Determine Debtors turnover ratio if, closing debtors is Rs 40,000, Cash sales is 25% of credit sales and excess of closing debtors over opening debtors is Rs 20,000.- Published on 14 Sep 15a. 4 times
b. 2 times
c. 6 times
d. 8 times
ANSWER: 4 times