Calculate Debtors Turnover Ratio and Average Collection Period (in days) from the following. Total Sales – 6,00,000 Cash Sales – 20% of Total sales Trades Receivable at beginning of the year- 80,000 Trades Receivable at the end of the year- 1,60,000

Calculate Debtors Turnover Ratio and Average Collection Period (in days) from the following. Total Sales – 6,00,000 Cash Sales – 20% of Total sales Trades Receivable at beginning of the year- 80,000 Trades Receivable at the end of the year- 1,60,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Calculate Debtors Turnover Ratio and Average Collection Period (in days) from the following.

Total Sales – 6,00,000

Cash Sales – 20% of Total sales

Trades Receivable at beginning of the year- 80,000

Trades Receivable at the end of the year- 1,60,000

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