Credit Revenue from Operation, i.e., Net Credit Sales for the year 12,00,000, Debtors ₹ 1,20,000, Bills Receivable ₹ 80,000. Calculate Trade Receivables Turnover Ratio.
Credit Revenue from Operation, i.e., Net Credit Sales for the year 12,00,000, Debtors ₹ 1,20,000, Bills Receivable ₹ 80,000. Calculate Trade Receivables Turnover Ratio.
[Ans.: Trade Receivables Turnover Ratio = 6 Times.]
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