Determine Debtors turnover ratio if, closing debtors is GH¢ 40,000, Cash sales is 25% of credit sales and excess of closing debtors over opening debtors is GH¢ 20,000. #randomized OA. 4 times B. 2 times C. 6 times OD. 8 times
Determine Debtors turnover ratio if, closing debtors is GH¢ 40,000, Cash sales is 25% of credit sales and excess of closing debtors over opening debtors is GH¢ 20,000. #randomized OA. 4 times B. 2 times C. 6 times OD. 8 times
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Determine Debtors
turnover ratio if, closing
debtors is GH¢ 40,000,
Cash sales is 25% of credit
sales and excess of
closing debtors over
opening debtors is GH¢
20,000. #randomized
OA. 4 times
B. 2 times
OC. 6 times
D. 8 times
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