Illustration -15 ADT From the following, calculate: a) Debtors turnover ratio b) Debt collection period in months Total sales for the year 3,75,000 Cash sales for the year 75,000 At the beginning of the year: Debtors 30,000 Bills Receivable 10,000 At the end of the year: Debtors 45,000 Bills receivables 15,000

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
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Illustration -15
From the following, calculate:
a) Debtors turnover ratio
b) Debt collection period in months
Total sales for the year 3,75,000
Cash sales for the year 75,000
At the beginning of the year:
Debtors 30,000
Bills Receivable 10,000
At the end of the year:
Debtors 45,000
Bills receivables 15,000
Transcribed Image Text:Illustration -15 From the following, calculate: a) Debtors turnover ratio b) Debt collection period in months Total sales for the year 3,75,000 Cash sales for the year 75,000 At the beginning of the year: Debtors 30,000 Bills Receivable 10,000 At the end of the year: Debtors 45,000 Bills receivables 15,000
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