calculate debtors turnover ratio total sales-1025000, cash sales-125000, sales returns 100000,opening debtors 83000and closing debtors 117000
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calculate debtors turnover ratio total sales-1025000, cash sales-125000, sales returns 100000,opening debtors 83000and closing debtors 117000
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Answer:
Cash sales = 20% of total sales. Debtor beginning of the year = Rs. 40,000. Debtors end of the year = Rs. 1,20,000.
Top answer
Average debtors = (Rs. 40,000 + Rs. 1,20,000)/2 = Rs. 80,000Cash sales = 20