Cash sales ₹1,50,000 Cost of goods sold ₹7,00,000 Debtors turnover ratio 2.5 times Gross profit ₹2,00,000 If closing debtors are ₹80,000 more than the opening debtors, the average debtors would be :
CS Executive · Corporate and Management Accounting · PYQS · December 2022
Cash sales ₹1,50,000 Cost of goods sold ₹7,00,000 Debtors turnover ratio 2.5 times Gross profit ₹2,00,000 If closing debtors are ₹80,000 more than the opening debtors, the average debtors would be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Statements Analysis
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